Everence Capital Management Inc. Invests $217,000 in On Assignment, Inc. (NYSE:ASGN)

Everence Capital Management Inc. bought a new stake in On Assignment, Inc. (NYSE:ASGN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,380 shares of the business services provider’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of On Assignment by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after purchasing an additional 857 shares during the period. Parametrica Management Ltd purchased a new stake in shares of On Assignment during the 4th quarter worth about $265,000. Aurora Investment Counsel purchased a new stake in shares of On Assignment during the 4th quarter worth about $268,000. Janney Montgomery Scott LLC purchased a new stake in shares of On Assignment during the 3rd quarter worth about $280,000. Finally, Strs Ohio grew its holdings in shares of On Assignment by 45.5% during the 4th quarter. Strs Ohio now owns 4,800 shares of the business services provider’s stock worth $308,000 after purchasing an additional 1,500 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the transaction, the director now directly owns 392,930 shares in the company, valued at approximately $25,147,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the stock in a transaction on Tuesday, November 21st. The shares were 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 of the company’s stock, valued at $672,661.02. The disclosure for this sale can be found here. Insiders have sold 23,915 shares of company stock worth $1,528,095 in the last three months. 5.40% of the stock is currently owned by company insiders.

Several equities analysts recently commented on ASGN shares. Royal Bank of Canada reissued a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Deutsche Bank upped their price objective on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their price target on On Assignment from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “hold” rating and set a $59.00 target price on shares of On Assignment in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, October 27th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.43.

Shares of On Assignment, Inc. (NYSE ASGN) traded down $0.27 during trading on Thursday, hitting $73.99. The stock had a trading volume of 100,971 shares, compared to its average volume of 294,982. On Assignment, Inc. has a 12 month low of $44.66 and a 12 month high of $77.68. The company has a market capitalization of $3,789.29, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 2.01 and a beta of 2.11. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

On Assignment (NYSE:ASGN) last announced its quarterly earnings results 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. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The firm had revenue of $679.04 million for the quarter, compared to the consensus estimate of $671.35 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. analysts expect that On Assignment, Inc. will post 2.97 earnings per share for the current fiscal year.

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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.

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

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