The stock of On Assignment, Inc. (NYSE:ASGN) is a huge mover today! About 505,222 shares traded hands or 29.05% up from the average. On Assignment, Inc. (NYSE:ASGN) has declined 7.55% since March 29, 2016 and is downtrending. It has underperformed by 11.02% the S&P500.
The move comes after 6 months positive chart setup for the $1.71B company. It was reported on Oct, 31 by Barchart.com. We have $45.43 PT which if reached, will make NYSE:ASGN worth $547.20 million more.
On Assignment, Inc. (NYSE:ASGN) Ratings Coverage
Out of 3 analysts covering On Assignment Inc (NYSE:ASGN), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. On Assignment Inc has been the topic of 9 analyst reports since October 29, 2015 according to StockzIntelligence Inc. Avondale upgraded it to “Market Outperform” rating and $39 target price in Thursday, February 18 report. The stock has “Market Outperform” rating given by Avondale on Thursday, April 28. The stock has “Hold” rating given by Deutsche Bank on Wednesday, December 9. Deutsche Bank initiated the shares of ASGN in a report on Thursday, August 18 with “Buy” rating.
According to Zacks Investment Research, “On Assignment, Inc., through its first operating division, Lab Support, is a leading nationwide provider of temporary scientific professionals to laboratories in the biotechnology, pharmaceutical, food and beverage, chemical, and environmental industries. The company’s strategy is to serve the needs of targeted industries for quality assignments of temporary professionals.”
Insitutional Activity: The institutional sentiment decreased to 1.25 in 2016 Q2. Its down 0.08, from 1.33 in 2016Q1. The ratio turned negative, as 14 funds sold all On Assignment, Inc. shares owned while 67 reduced positions. 29 funds bought stakes while 72 increased positions. They now own 46.74 million shares or 1.51% less from 47.46 million shares in 2016Q1.
Los Angeles Capital Mgmt & Equity Inc owns 6,360 shares or 0% of their US portfolio. Goldman Sachs Grp Inc accumulated 918,669 shares or 0.01% of the stock. Geneva Limited holds 0.02% or 26,512 shares in its portfolio. Kennedy Capital Mngmt owns 594,404 shares or 0.44% of their US portfolio. Teachers reported 329,881 shares or 0.02% of all its holdings. Group One Trading L P holds 5,056 shares or 0% of its portfolio. California State Teachers Retirement Sys owns 106,886 shares or 0.01% of their US portfolio. Automobile Association reported 6,260 shares or 0% of all its holdings. Cornercap Inv Counsel has 14,235 shares for 0.1% of their US portfolio. Bbva Compass Bancshares Incorporated last reported 20,388 shares in the company. Argent Mngmt reported 50,705 shares or 0.08% of all its holdings. Strs Ohio has invested 0% of its portfolio in On Assignment, Inc. (NYSE:ASGN). Guggenheim Cap Ltd last reported 60,233 shares in the company. Johnson Group reported 1,695 shares or 0.01% of all its holdings. Everpoint Asset Mngmt Lc has 463,083 shares for 0.34% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 0 buys, and 2 selling transactions for $444,779 net activity. McGowan Michael sold $148,673 worth of On Assignment, Inc. (NYSE:ASGN) on Tuesday, September 13.
ASGN Company Profile
On Assignment, Inc., incorporated on May 26, 1992, is a global well-known provider of professionals in the technology, life sciences and creative sectors. The Firm matches people into positions for contract, contract-to-hire and direct hire assignments. The Company’s operating divisions include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States. The Oxford Segment provides staffing and consulting services in select skill and geographic markets. The Firm provides contract professionals to approximately 12,500 clients.
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