On Assignment, Inc. (ASGN) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its holdings in shares of On Assignment, Inc. (NYSE:ASGN) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,128 shares of the business services provider’s stock after selling 10,519 shares during the period. TIAA CREF Investment Management LLC’s holdings in On Assignment were worth $15,369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FDx Advisors Inc. grew its position in On Assignment by 8.8% during the 4th quarter. FDx Advisors Inc. now owns 9,328 shares of the business services provider’s stock worth $600,000 after acquiring an additional 755 shares during the last quarter. AlphaOne Investment Services LLC grew its position in On Assignment by 0.8% during the 4th quarter. AlphaOne Investment Services LLC now owns 99,436 shares of the business services provider’s stock worth $6,391,000 after acquiring an additional 773 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in On Assignment by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after acquiring an additional 857 shares during the last quarter. Louisiana State Employees Retirement System grew its position in On Assignment by 4.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock worth $1,350,000 after acquiring an additional 900 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in On Assignment by 2.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 52,143 shares of the business services provider’s stock worth $3,351,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.

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NYSE:ASGN opened at $81.88 on Monday. On Assignment, Inc. has a 52-week low of $44.66 and a 52-week high of $86.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.00 and a current ratio of 3.00. The firm has a market cap of $4,272.17, a price-to-earnings ratio of 26.67, a PEG ratio of 2.18 and a beta of 1.89.

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

Several research analysts have issued reports on the company. BMO Capital Markets upped their price objective on On Assignment from $66.00 to $73.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Wells Fargo upped their price objective on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. SunTrust Banks upped their price objective on On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 10th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $76.43.

In other news, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $77.79, for a total value of $6,036,192.84. Following the transaction, the director now owns 1,686 shares of the company’s stock, valued at approximately $131,153.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Edwin A. Sheridan sold 22,404 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $77.64, for a total value of $1,739,446.56. The disclosure for this sale can be found here. In the last three months, insiders sold 121,265 shares of company stock worth $9,440,062. 5.40% of the stock is currently owned by company insiders.

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

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