Elkfork Partners LLC purchased a new stake in On Assignment, Inc. (NYSE:ASGN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,376 shares of the business services provider’s stock, valued at approximately $346,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aurora Investment Counsel purchased a new stake in On Assignment in the fourth quarter valued at approximately $268,000. Pinebridge Investments L.P. lifted its stake in On Assignment by 78.8% in the fourth quarter. Pinebridge Investments L.P. now owns 46,385 shares of the business services provider’s stock valued at $2,982,000 after buying an additional 20,441 shares during the last quarter. BlackRock Inc. lifted its stake in On Assignment by 0.5% in the fourth quarter. BlackRock Inc. now owns 6,098,116 shares of the business services provider’s stock valued at $391,925,000 after buying an additional 30,089 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in On Assignment by 0.6% in 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 buying an additional 4,339 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in On Assignment by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after buying an additional 857 shares during the last quarter. 93.95% of the stock is owned by hedge funds and other institutional investors.

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ASGN has been the subject of a number of research reports. SunTrust Banks reiterated a “buy” rating on shares of On Assignment in a research note on Friday, December 8th. Wells Fargo boosted their price objective on On Assignment to $71.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. William Blair reiterated an “outperform” rating on shares of On Assignment in a research note on Thursday, February 15th. Finally, Deutsche Bank boosted their price objective on On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $76.43.

Shares of On Assignment stock opened at $85.53 on Thursday. On Assignment, Inc. has a 52 week low of $44.66 and a 52 week high of $86.13. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $4,398.95, a P/E ratio of 27.46, a PEG ratio of 2.24 and a beta of 2.03.

On Assignment (NYSE:ASGN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million during the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. research analysts forecast that On Assignment, Inc. will post 3.76 EPS for the current fiscal year.

In other news, Director Marty R. Kittrell sold 2,000 shares of the company’s stock in a transaction that occurred on 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 owns 4,946 shares in the company, valued at $377,083.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Randolph C. Blazer sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $78.73, for a total value of $787,300.00. Following the completion of the transaction, the insider now owns 55,837 shares of the company’s stock, valued at approximately $4,396,047.01. The disclosure for this sale can be found here. Insiders have sold 121,265 shares of company stock valued at $9,440,062 in the last 90 days. Company insiders own 5.40% of the company’s stock.

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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.

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

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