UBS Asset Management Americas Inc. boosted its position in shares of On Assignment, Inc. (NYSE:ASGN) by 34.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,469 shares of the business services provider’s stock after acquiring an additional 34,059 shares during the quarter. UBS Asset Management Americas Inc. owned 0.25% of On Assignment worth $8,514,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of ASGN. BlackRock Inc. grew its stake in On Assignment by 0.5% during the fourth quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock worth $391,925,000 after buying an additional 30,089 shares in the last quarter. Bamco Inc. NY grew its stake in On Assignment by 5.5% during the third quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock worth $102,534,000 after buying an additional 100,000 shares in the last quarter. Boston Partners boosted its stake in shares of On Assignment by 9.8% in the 4th quarter. Boston Partners now owns 923,765 shares of the business services provider’s stock valued at $59,370,000 after purchasing an additional 82,069 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of 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 purchasing an additional 4,339 shares in the last quarter. Finally, KAMES CAPITAL plc boosted its stake in shares of On Assignment by 57.2% in the 4th quarter. KAMES CAPITAL plc now owns 610,094 shares of the business services provider’s stock valued at $39,205,000 after purchasing an additional 222,039 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. Wells Fargo raised their price objective on shares of On Assignment from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. BMO Capital Markets raised their price target on shares of On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks raised their price target on shares of On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, William Blair reiterated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. On Assignment currently has a consensus rating of “Buy” and a consensus target price of $76.43.
In other news, Director Marty R. Kittrell sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total transaction of $152,480.00. Following the completion of the sale, the director now owns 4,946 shares of the company’s stock, valued at $377,083.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $77.79, for a total value of $6,036,192.84. Following the sale, the director now directly owns 1,686 shares of the company’s stock, valued at approximately $131,153.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,265 shares of company stock worth $9,440,062. Company insiders own 5.40% of the company’s stock.
Shares of On Assignment, Inc. (NYSE ASGN) traded up $1.77 during trading hours on Friday, hitting $85.15. 802,449 shares of the company were exchanged, compared to its average volume of 293,522. On Assignment, Inc. has a 52 week low of $44.66 and a 52 week high of $85.93. The stock has a market cap of $4,350.43, a P/E ratio of 28.57, a P/E/G ratio of 2.22 and a beta of 2.03. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.58.
On Assignment (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ 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 period in the previous year, the business posted $0.64 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts predict that On Assignment, Inc. will post 3.76 EPS for the current year.
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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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