Bamco Inc. NY lifted its holdings in On Assignment, Inc. (NYSE:ASGN) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,910,100 shares of the business services provider’s stock after buying an additional 100,000 shares during the quarter. Bamco Inc. NY owned 3.67% of On Assignment worth $102,534,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp raised its stake in On Assignment by 6.2% during the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after buying an additional 16,813 shares in the last quarter. Pinebridge Investments L.P. increased its position in 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 acquiring an additional 2,879 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in On Assignment in the 3rd quarter valued at approximately $419,000. Institutional investors own 90.14% of the company’s stock.
Several analysts recently commented on the company. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday. BidaskClub raised On Assignment from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Robert W. Baird reissued a “hold” rating and set a $59.00 price objective on shares of On Assignment in a research note on Friday, October 27th. 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 research report on Thursday, October 26th. Finally, Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $64.00.
In other news, insider Jeffrey E. Veatch sold 1,520 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $59.04, for a total transaction of $1,195,560.00. Following the completion of the transaction, the director now directly owns 413,180 shares in the company, valued at $24,394,147.20. The disclosure for this sale can be found here. Insiders sold a total of 524,285 shares of company stock valued at $31,105,517 in the last three months. 5.40% of the stock is owned by company insiders.
On Assignment, Inc. (ASGN) traded down $0.91 during trading hours on Tuesday, hitting $63.36. 338,802 shares of the stock were exchanged, compared to its average volume of 259,550. 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 52 week low of $42.95 and a 52 week high of $65.73. The company has a market capitalization of $3,343.00, a PE ratio of 29.47, a P/E/G ratio of 2.17 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.75 by $0.08. The company had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. analysts anticipate that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal 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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