Strs Ohio Increases Holdings in On Assignment, Inc. (ASGN)
Strs Ohio raised its position in On Assignment, Inc. (NYSE:ASGN) by 45.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,800 shares of the business services provider’s stock after purchasing an additional 1,500 shares during the period. Strs Ohio’s holdings in On Assignment were worth $308,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ASGN. Aurora Investment Counsel purchased a new stake in On Assignment in the 4th quarter valued at about $268,000. Janney Montgomery Scott LLC purchased a new stake in On Assignment in the 3rd quarter valued at about $280,000. Cubist Systematic Strategies LLC purchased a new stake in On Assignment in the 3rd quarter valued at about $419,000. Insight Capital Research & Management Inc. purchased a new stake in On Assignment in the 3rd quarter valued at about $953,000. Finally, Louisiana State Employees Retirement System raised its holdings in On Assignment by 4.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock valued at $1,350,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.
Several brokerages recently issued reports on ASGN. Wells Fargo & Co boosted their price objective on shares of On Assignment from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Deutsche Bank lifted their target price on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $72.86.
On Assignment, Inc. (ASGN) opened at $71.95 on Tuesday. On Assignment, Inc. has a 52-week low of $43.83 and a 52-week high of $77.68. The company has a market capitalization of $3,643.13, a PE ratio of 33.47, a PEG ratio of 1.97 and a beta of 2.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57.
WARNING: This article was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/strs-ohio-increases-holdings-in-on-assignment-inc-asgn/1863800.html.
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.
Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for On Assignment, Inc. (NYSE:ASGN).
Receive News & Ratings for On Assignment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment and related companies with MarketBeat.com's FREE daily email newsletter.