On Assignment, Inc. (ASGN) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in On Assignment, Inc. (NASDAQ:ASGN) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 526,309 shares of the company’s stock after selling 25,073 shares during the period. On Assignment comprises about 1.3% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 12th largest position. Rice Hall James & Associates LLC owned approximately 1.00% of On Assignment worth $28,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FNY Partners Fund LP increased its stake in shares of On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock worth $106,000 after buying an additional 1,597 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of On Assignment in the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of On Assignment by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock worth $121,000 after buying an additional 202 shares during the last quarter. Pitcairn Co. bought a new stake in shares of On Assignment in the second quarter worth $211,000. Finally, CIBC Asset Management Inc bought a new stake in shares of On Assignment in the second quarter worth $216,000.

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ASGN has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research lowered shares of On Assignment from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of On Assignment from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $53.00 target price on shares of On Assignment in a research note on Sunday, September 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $55.00 target price on shares of On Assignment in a research note on Friday, October 13th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. On Assignment presently has an average rating of “Buy” and an average target price of $59.50.

On Assignment, Inc. (ASGN) traded down 2.337% during mid-day trading on Wednesday, reaching $59.789. 150,342 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $54.34 and its 200 day moving average price is $51.88. On Assignment, Inc. has a 12 month low of $34.20 and a 12 month high of $61.89. The stock has a market capitalization of $3.16 billion and a PE ratio of 29.351.

On Assignment (NASDAQ:ASGN) last issued its earnings results on Wednesday, October 25th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. The firm had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. Equities research analysts predict that On Assignment, Inc. will post $2.96 EPS for the current year.

In related news, insider Jeffrey E. Veatch sold 1,520 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey E. Veatch sold 48,480 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $56.23, for a total value of $2,726,030.40. Following the completion of the transaction, the insider now directly owns 392,938 shares of the company’s stock, valued at $22,094,903.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 276,532 shares of company stock valued at $15,937,442.

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

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