Virtus Fund Advisers LLC purchased a new position in On Assignment, Inc. (NYSE:ASGN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 3,543 shares of the business services provider’s stock, valued at approximately $228,000.
A number of other large investors have also recently made changes to their positions in ASGN. Public Employees Retirement Association of Colorado bought a new position in On Assignment in the fourth quarter worth approximately $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in On Assignment by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after acquiring an additional 857 shares in the last quarter. Everence Capital Management Inc. bought a new position in On Assignment in the fourth quarter worth approximately $217,000. M&T Bank Corp bought a new position in shares of On Assignment in the fourth quarter valued at approximately $218,000. Finally, Keybank National Association OH bought a new position in shares of On Assignment in the fourth quarter valued at approximately $225,000. Institutional investors and hedge funds own 94.18% of the company’s stock.
ASGN has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, November 10th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks raised their target price on On Assignment to $88.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, January 10th. Finally, Wells Fargo & Co raised their target price on On Assignment to $71.00 and gave the company an “outperform” rating in a report on Friday, December 29th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $76.43.
On Assignment, Inc. (NYSE:ASGN) opened at $78.46 on Tuesday. On Assignment, Inc. has a fifty-two week low of $44.66 and a fifty-two week high of $79.34. The company has a quick ratio of 2.57, a current ratio of 3.00 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $4,098.25, a P/E ratio of 26.33, a PEG ratio of 2.09 and a beta of 2.11.
On Assignment (NYSE:ASGN) last posted its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. sell-side analysts forecast that On Assignment, Inc. will post 3.76 EPS for the current fiscal 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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