Dalton Greiner Hartman Maher & Co. Sells 40,580 Shares of On Assignment, Inc. (ASGN)

Dalton Greiner Hartman Maher & Co. lessened its holdings in shares of On Assignment, Inc. (NYSE:ASGN) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,392 shares of the business services provider’s stock after selling 40,580 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in On Assignment were worth $18,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Pinebridge Investments L.P. grew 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 buying an additional 2,879 shares during the period. Stifel Financial Corp grew its position in On Assignment by 6.2% during the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after buying an additional 16,813 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in On Assignment during the third quarter valued at $419,000. Bamco Inc. NY grew 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 buying an additional 100,000 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in On Assignment during the third quarter valued at $280,000. 90.15% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Wednesday. BMO Capital Markets raised their price target on shares of On Assignment from $66.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co lifted their target price on shares of On Assignment to $71.00 and gave the company an “outperform” rating in a research report on Friday, December 29th. Finally, SunTrust Banks reiterated a “buy” rating on shares of On Assignment in a research report on Friday, December 8th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. On Assignment presently has an average rating of “Buy” and an average target price of $66.50.

In related news, insider Jeffrey E. Veatch sold 74,894 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $56.53, for a total transaction of $4,233,757.82. Following the transaction, the insider now directly owns 392,938 shares in the company, valued at $22,212,785.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $59.04, for a total transaction of $1,195,560.00. Following the transaction, the director now owns 413,180 shares in the company, valued at $24,394,147.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 522,765 shares of company stock worth $31,020,382. Company insiders own 5.40% of the company’s stock.

Shares of On Assignment, Inc. (NYSE ASGN) opened at $65.95 on Thursday. On Assignment, Inc. has a 52-week low of $43.25 and a 52-week high of $68.29. The stock has a market cap of $3,490.00, a PE ratio of 30.67, a PEG ratio of 2.05 and a beta of 2.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57.

On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 5.23% and a return on equity of 15.11%. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same quarter last year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. sell-side analysts forecast that On Assignment, Inc. will post 2.97 EPS for the current 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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Institutional Ownership by Quarter for On Assignment (NYSE:ASGN)

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