Ramsey Quantitative Systems increased its position in On Assignment, Inc. (NYSE:ASGN) by 60.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,433 shares of the business services provider’s stock after acquiring an additional 3,538 shares during the period. On Assignment comprises approximately 0.6% of Ramsey Quantitative Systems’ portfolio, making the stock its 9th largest holding. Ramsey Quantitative Systems’ holdings in On Assignment were worth $606,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in ASGN. Public Employees Retirement Association of Colorado bought a new position in On Assignment during the fourth quarter worth about $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in On Assignment by 38.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after buying an additional 857 shares during the last quarter. Everence Capital Management Inc. bought a new position in On Assignment during the fourth quarter worth about $217,000. M&T Bank Corp bought a new position in On Assignment during the fourth quarter worth about $218,000. Finally, Keybank National Association OH bought a new position in On Assignment during the fourth quarter worth about $225,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.
In other news, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the transaction, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.40% of the company’s stock.
On Assignment, Inc. (NYSE ASGN) opened at $77.19 on Thursday. On Assignment, Inc. has a 1-year low of $44.66 and a 1-year high of $78.39. The company has a current ratio of 3.00, a quick ratio of 2.57 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3,965.10, a PE ratio of 25.90, a PEG ratio of 2.03 and a beta of 2.11.
On Assignment (NYSE:ASGN) last released its quarterly earnings data 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. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the previous year, the business posted $0.64 EPS. On Assignment’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts forecast that On Assignment, Inc. will post 3.76 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on ASGN shares. Deutsche Bank raised their target price on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. BMO Capital Markets raised their target price on On Assignment from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Royal Bank of Canada raised their target price on On Assignment from $59.00 to $61.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $59.00 target price on shares of On Assignment in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Friday, October 27th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $76.43.
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On Assignment Company Profile
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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