AMI Asset Management Corp Decreases Holdings in On Assignment, Inc. (ASGN)

AMI Asset Management Corp cut its stake in shares of On Assignment, Inc. (NYSE:ASGN) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,104 shares of the business services provider’s stock after selling 65,043 shares during the period. AMI Asset Management Corp owned about 0.44% of On Assignment worth $14,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASGN. Pinebridge Investments L.P. raised its stake in On Assignment by 12.5% during 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 buying an additional 2,879 shares during the last quarter. Stifel Financial Corp increased its stake in shares of On Assignment by 6.2% in the 3rd quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock worth $15,451,000 after purchasing an additional 16,813 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of On Assignment in the 3rd quarter worth $419,000. Bamco Inc. NY increased its stake in shares of 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 worth $102,534,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of On Assignment in the 3rd quarter worth $280,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

In other On Assignment news, SVP Jennifer Hankes Painter sold 3,500 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total value of $220,710.00. Following the completion of the sale, the senior vice president now owns 10,667 shares in the company, valued at approximately $672,661.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the director now directly owns 413,180 shares of the company’s stock, valued at approximately $24,394,147.20. The disclosure for this sale can be found here. Insiders sold a total of 522,765 shares of company stock valued at $31,020,382 in the last quarter. 5.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 10th. BMO Capital Markets upped their price objective on On Assignment from $66.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Robert W. Baird restated a “hold” rating and issued a $59.00 price objective on shares of On Assignment in a research note on Friday, October 27th. Finally, BidaskClub upgraded On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. On Assignment has an average rating of “Buy” and a consensus target price of $66.50.

Shares of On Assignment, Inc. (ASGN) traded down $0.23 during mid-day trading on Tuesday, reaching $66.36. The company’s stock had a trading volume of 211,594 shares, compared to its average volume of 237,260. On Assignment, Inc. has a 1-year low of $43.25 and a 1-year high of $68.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market cap of $3,463.67, a price-to-earnings ratio of 30.87, 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 (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $667.05 million during the quarter, compared to analyst estimates of $660.90 million. During the same quarter in the prior year, the business posted $0.74 EPS. On Assignment’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities 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.

Institutional Ownership by Quarter for On Assignment (NYSE:ASGN)

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