Brant Point Investment Management LLC cut its holdings in shares of On Assignment, Inc. (NYSE:ASGN) by 27.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,475 shares of the business services provider’s stock after selling 40,105 shares during the period. On Assignment accounts for about 0.7% of Brant Point Investment Management LLC’s holdings, making the stock its 25th biggest holding. Brant Point Investment Management LLC’s holdings in On Assignment were worth $6,907,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aurora Investment Counsel acquired a new position in On Assignment during the fourth quarter valued at $268,000. Pinebridge Investments L.P. lifted its position in On Assignment by 12.5% during the third quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after purchasing an additional 2,879 shares during the period. Peregrine Capital Management LLC lifted its position in On Assignment by 0.6% during the fourth 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 during the period. Bamco Inc. NY lifted its position 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 valued at $102,534,000 after purchasing an additional 100,000 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in On Assignment during the third quarter valued at $280,000. Institutional investors own 94.18% of the company’s stock.
ASGN has been the subject of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of On Assignment in a research report on Thursday, February 15th. Wells Fargo & Co upped their price objective on shares of On Assignment to $71.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. BMO Capital Markets upped their price objective on shares of On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. SunTrust Banks reiterated a “buy” rating on shares of On Assignment in a research report on Friday, December 8th. Finally, Deutsche Bank upped their price objective on shares of On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. On Assignment presently has a consensus rating of “Buy” and a consensus price target of $76.43.
On Assignment (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. The business had revenue of $679.04 million during the quarter, compared to the consensus estimate of $671.35 million. On Assignment had a net margin of 6.00% and a return on equity of 17.42%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. sell-side analysts expect that On Assignment, Inc. will post 3.76 EPS for the current year.
In other news, Director Marty R. Kittrell sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.
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On Assignment 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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