On Assignment, Inc. (NYSE:ASGN) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $85.96 and last traded at $85.90, with a volume of 203266 shares trading hands. The stock had previously closed at $84.31.

ASGN has been the topic of several recent analyst reports. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks upped their target price on On Assignment to $88.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, January 10th. Deutsche Bank upped their target price on On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of On Assignment in a research 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 given a strong buy rating to the company’s stock. On Assignment has a consensus rating of “Buy” and an average target price of $76.43.

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The company has a market cap of $4,462.61, a PE ratio of 27.86, a PEG ratio of 2.27 and a beta of 2.03. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58.

On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 company had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. During the same period in the prior year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. sell-side analysts expect 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 stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total value of $152,480.00. Following the transaction, the director now directly owns 4,946 shares of the company’s stock, valued at $377,083.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $77.79, for a total value of $6,036,192.84. Following the completion of the transaction, the director now directly owns 1,686 shares in the company, valued at $131,153.94. The disclosure for this sale can be found here. Insiders sold 121,265 shares of company stock worth $9,440,062 over the last three months. Corporate insiders own 5.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Aurora Investment Counsel acquired a new position in shares of On Assignment in the fourth quarter valued at about $268,000. Pinebridge Investments L.P. increased its holdings in shares of 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 purchasing an additional 20,441 shares during the period. BlackRock Inc. increased its holdings in shares of 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 purchasing an additional 30,089 shares during the period. Peregrine Capital Management LLC increased its holdings in shares of 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 purchasing an additional 4,339 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 purchasing an additional 857 shares during the period. 93.95% of the stock is currently owned by institutional investors and hedge funds.

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About On Assignment

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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