Sit Investment Associates Inc. trimmed its stake in On Assignment, Inc. (NYSE:ASGN) by 18.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,675 shares of the business services provider’s stock after selling 7,600 shares during the period. Sit Investment Associates Inc. owned approximately 0.06% of On Assignment worth $2,164,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of On Assignment by 5.5% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 45,933 shares of the business services provider’s stock valued at $2,952,000 after purchasing an additional 2,380 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in shares of On Assignment by 12.5% in the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of On Assignment by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after purchasing an additional 3,374 shares during the last quarter. Aurora Investment Counsel bought a new stake in shares of On Assignment in the 4th quarter valued at approximately $268,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of On Assignment in the 3rd quarter valued at approximately $280,000. 90.15% of the stock is owned by institutional investors and hedge funds.
ASGN has been the subject of several analyst reports. SunTrust Banks reaffirmed a “buy” rating on shares of On Assignment in a research note on Friday, December 8th. Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank of Canada increased their price target 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 reiterated a “hold” rating and issued a $53.00 price target on shares of On Assignment in a report on Friday, October 6th. Finally, BMO Capital Markets increased their price target on On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $66.50.
In other On Assignment news, CFO Edward L. Pierce sold 1,054 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $61.15, for a total transaction of $64,452.10. Following the transaction, the chief financial officer now directly owns 77,087 shares in the company, valued at approximately $4,713,870.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $59.04, for a total value of $1,195,560.00. Following the transaction, the director now owns 413,180 shares in the company, valued at $24,394,147.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 522,765 shares of company stock worth $31,020,382. Company insiders own 5.40% of the company’s stock.
Shares of On Assignment, Inc. (ASGN) opened at $66.59 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $68.29. The firm has a market capitalization of $3,463.68, a P/E ratio of 23.28, a PEG ratio of 2.03 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.08. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The firm had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. During the same period in the prior year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts anticipate that On Assignment, Inc. will post 2.97 EPS for the current year.
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On Assignment 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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