Glenmede Trust Co. NA trimmed its stake in shares of On Assignment, Inc. (NYSE:ASGN) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 605,780 shares of the business services provider’s stock after selling 156,244 shares during the quarter. Glenmede Trust Co. NA owned 1.16% of On Assignment worth $38,931,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado purchased a new position in On Assignment during the fourth quarter worth about $192,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in On Assignment by 38.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after buying an additional 857 shares in the last quarter. Everence Capital Management Inc. purchased a new position in On Assignment during the fourth quarter worth about $217,000. M&T Bank Corp purchased a new position in On Assignment during the fourth quarter worth about $218,000. Finally, Keybank National Association OH purchased a new position in On Assignment during the fourth quarter worth about $225,000. Institutional investors own 93.95% of the company’s stock.
Several equities analysts recently commented on ASGN shares. SunTrust Banks restated a “buy” rating on shares of On Assignment in a research report on Friday, December 8th. Wells Fargo boosted their target price on On Assignment to $71.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. William Blair reiterated an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. Finally, Deutsche Bank upped their price objective on On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.43.
On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The firm had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same period in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts anticipate that On Assignment, Inc. will post 3.76 earnings per share for the current fiscal year.
In related news, Director Marty R. Kittrell sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was 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 directly owns 4,946 shares in the company, valued at approximately $377,083.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Randolph C. Blazer sold 10,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $78.73, for a total value of $787,300.00. Following the sale, the insider now owns 55,837 shares of the company’s stock, valued at $4,396,047.01. The disclosure for this sale can be found here. Insiders sold a total of 121,265 shares of company stock valued at $9,440,062 over the last quarter. Company insiders own 5.40% of the company’s stock.
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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