Goldman Sachs Group Inc. reduced its position in shares of On Assignment, Inc. (NYSE:ASGN) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,161,234 shares of the business services provider’s stock after selling 195,719 shares during the period. Goldman Sachs Group Inc. owned approximately 2.23% of On Assignment worth $74,633,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Aurora Investment Counsel acquired a new position in On Assignment in the 4th quarter valued at $268,000. Pinebridge Investments L.P. raised its holdings in On Assignment by 78.8% in the 4th quarter. Pinebridge Investments L.P. now owns 46,385 shares of the business services provider’s stock valued at $2,982,000 after acquiring an additional 20,441 shares in the last quarter. BlackRock Inc. raised its holdings in On Assignment by 0.5% in the 4th quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock valued at $391,925,000 after acquiring an additional 30,089 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in On Assignment by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 676,675 shares of the business services provider’s stock valued at $43,490,000 after acquiring an additional 4,339 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in On Assignment by 5.5% in the 3rd quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after acquiring an additional 100,000 shares in the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on ASGN shares. SunTrust Banks reaffirmed a “buy” rating on shares of On Assignment in a report on Friday, December 8th. Wells Fargo & Co lifted their price objective on On Assignment to $71.00 and gave the company an “outperform” rating in a report on Friday, December 29th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BMO Capital Markets lifted their price objective on On Assignment from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Finally, Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $76.43.
In other news, Director Edwin A. Sheridan sold 22,404 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $77.64, for a total transaction of $1,739,446.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edwin A. Sheridan sold 9,100 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $78.38, for a total value of $713,258.00. Following the transaction, the director now directly owns 1,686 shares of the company’s stock, valued at approximately $132,148.68. The disclosure for this sale can be found here. Insiders have sold a total of 121,265 shares of company stock valued at $9,440,062 in the last three months. 5.40% of the stock is owned by insiders.
On Assignment, Inc. (NYSE ASGN) opened at $83.38 on Friday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58. On Assignment, Inc. has a fifty-two week low of $44.66 and a fifty-two week high of $85.56. The company has a market capitalization of $4,317.56, a price-to-earnings ratio of 26.95, a PEG ratio of 2.20 and a beta of 2.03.
On Assignment (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The company had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the previous year, the firm earned $0.64 EPS. On Assignment’s revenue was up 9.4% on a year-over-year basis. research analysts expect that On Assignment, Inc. will post 3.76 earnings per share for the current fiscal year.
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.
Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Assignment, Inc. (NYSE:ASGN).
Receive News & Ratings for On Assignment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment and related companies with MarketBeat.com's FREE daily email newsletter.