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Manufacturers’ Life Insurance Company cut its stake in Robert Half International (NYSE:RHI – Get Rating) by 8.8% in the third quarter, according to the company’s latest Form 13F filed with the U.S. Securities and Exchange Commission (SEC) This institutional investor owned 83,873 shares of the business service provider after selling 8,127 shares during the period. Manufacturers’ Life Insurance Company owned his 0.08% stake in Robert Half International worth $6,416,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares in the company. Capital World Investors purchased new shares in Robert Half International worth approximately $636.06 million in the first quarter. Renaissance Technologies LLC increased his stake in Robert Half International by 398.1% in the second quarter. Renaissance Technologies LLC now owns 953,300 shares of the business services provider worth $71,393,000 after purchasing an additional 761,900 of his shares last quarter. Wellington Management Group LLP increased its holding in Robert Half International by 4,173.7% in the first quarter. Wellington Management Group LLP owns 653,580 shares of the business service provider worth $74,625,000 after he purchased an additional 638,287 shares during the previous quarter. Los Angeles Capital Management LLC increased its holding in Robert Half International by 53.0% in the second quarter. Los Angeles Capital Management LLC owns 1,064,707 shares of the business service provider worth $79,736,000 after purchasing an additional 368,956 shares in the previous quarter. Finally, AQR Capital Management LLC increased its holding in Robert Half International by 19.7% in the second quarter. AQR Capital Management LLC now owns 1,878,597 shares of the business service provider worth $138.302 million after purchasing an additional 309,060 shares in the previous quarter. 94.13% of the shares are owned by institutional investors.
Insider trading at Robert Half International
In other Robert Half International news, EVP Robert W. Glass sold 15,000 shares of Robert Half International stock on Friday, November 11th. The shares sold for an average of $80.84 for a total of $1,212,600.00. After the sale, the vice president now owns directly his 232,349 shares in the company, valued at approximately $18,783,093.16. The sale was disclosed in legal filings with the SEC that can be accessed via this hyperlink. His 2.80% of shares are now owned by insiders.
Wall Street analyst opinion
Many equity research analysts have recently commented on stocks. BNP Paribas featured shares in Robert Half International in its report on Thursday, January 5th. They set an “underperform” rating and a price target of $70.00. Robert W. Baird lowered his price target on Robert Half International shares from his $95.00 to his $88.00 in a report on Friday, Oct. 21. JPMorgan Chase & Co. lowered its price target on Robert Half International shares to $75.00 from $76.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com began coverage of Robert Half International’s stock with a report on Wednesday, October 12th. They gave the stock a “buy” rating. down to , giving the stock an “underperforming” rating. Four investment analysts gave the stock a sell rating, three gave a hold rating, and one assigned a buy rating to the stock. According to MarketBeat data, Robert Half International currently has an average valuation of ‘Hold’ and a consensus target price of $77.67.
Robert Half International Price Performance
RHI shares opened at $85.20 on Monday. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 3.71, and a beta of 1.28. The company has a 50-day moving average price of $75.71 and a 200-day moving average price of $77.17. Robert Half International Inc. has a year low of $65.40 and a year high of $125.77.
Robert Half International (NYSE:RHI – Get Rating) reported its final quarterly results on Thursday, January 26. The business services provider posted his earnings per share (EPS) of $1.37 for the quarter, beating analyst consensus expectations of $1.36 by $0.01. The company made $1.73 billion in revenue for the quarter, while consensus estimates put him at $1.76 billion. Robert Half International had a net profit margin of 9.09% and a return on equity of 44.74%. Robert Half International’s quarterly revenues were down 2.4% compared to the same period last year. His EPS for the company in the same period last year was his $1.51. Equity research analysts expect Robert Half International Inc. to report earnings per share of 4.92 for the current financial year.
About Robert Half International
(get rating)
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates through his three segments: Temporary and Consultant Temporary Staffing, Permanent Temporary Staffing, Risk Consulting and Internal Audit Services. Provides temporary accounting, financial and bookkeeping services. Temporary and full-time office and administrative personnel consist of executive and administrative assistants, receptionists, and customer service representatives. Full-time accounting, finance, tax, and accounting operations personnel. Information technology contract experts in areas from platform systems integration to end-user technical and desktop support, including application development, network and cloud, system integration and deployment, database design and management, security and business experts and full-time employee continuity.
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