Systematic Financial Management LP Lowers Holdings in On Assignment, Inc. (ASGN)

Systematic Financial Management LP decreased its holdings in shares of On Assignment, Inc. (NYSE:ASGN) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,740 shares of the business services provider’s stock after selling 21,196 shares during the period. Systematic Financial Management LP owned approximately 0.43% of On Assignment worth $14,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of On Assignment by 38.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after acquiring an additional 857 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of On Assignment by 4.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock worth $1,350,000 after acquiring an additional 900 shares in the last quarter. Swiss National Bank grew its stake in shares of On Assignment by 1.7% in the 4th quarter. Swiss National Bank now owns 84,600 shares of the business services provider’s stock worth $5,437,000 after acquiring an additional 1,400 shares in the last quarter. Aperio Group LLC grew its stake in shares of On Assignment by 12.4% in the 4th quarter. Aperio Group LLC now owns 13,504 shares of the business services provider’s stock worth $868,000 after acquiring an additional 1,486 shares in the last quarter. Finally, Strs Ohio grew its stake in shares of On Assignment by 45.5% in the 4th quarter. Strs Ohio now owns 4,800 shares of the business services provider’s stock worth $308,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Several research firms have recently issued reports on ASGN. Deutsche Bank upped their target price on shares of On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. William Blair reiterated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th. Robert W. Baird reiterated a “hold” rating and issued a $59.00 target price on shares of On Assignment in a research note on Friday, October 27th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks increased their price target on shares of On Assignment to $88.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.43.

In related news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the completion of the transaction, the director now owns 392,930 shares in the company, valued at $25,147,520. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

On Assignment, Inc. (NYSE:ASGN) opened at $76.23 on Wednesday. The firm has a market cap of $3,924.52, a PE ratio of 25.58, a P/E/G ratio of 2.00 and a beta of 2.11. The company has a current ratio of 3.00, a quick ratio of 2.57 and a debt-to-equity ratio of 0.58. On Assignment, Inc. has a 1 year low of $44.66 and a 1 year high of $77.68.

On Assignment (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million during the quarter, compared to analyst estimates of $671.35 million. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts forecast that On Assignment, Inc. will post 3.76 EPS for the current year.

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About On Assignment

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

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Institutional Ownership by Quarter for On Assignment (NYSE:ASGN)

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