First Quadrant L P CA boosted its stake in Robert Half International Inc. (NYSE:RHI) by 182.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,330 shares of the business services provider’s stock after buying an additional 208,386 shares during the period. First Quadrant L P CA owned approximately 0.26% of Robert Half International worth $15,449,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of RHI. Dimensional Fund Advisors LP increased its position in shares of Robert Half International by 28.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 632,930 shares of the business services provider’s stock valued at $30,875,000 after buying an additional 139,908 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Robert Half International during the fourth quarter valued at about $218,000. Hudson Bay Capital Management LP purchased a new position in shares of Robert Half International during the fourth quarter valued at about $4,508,000. HighPoint Advisor Group LLC purchased a new position in shares of Robert Half International during the fourth quarter valued at about $560,000. Finally, Kentucky Retirement Systems purchased a new position in shares of Robert Half International during the fourth quarter valued at about $456,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.
Shares of Robert Half International Inc. (NYSE:RHI) traded down 0.41% during mid-day trading on Friday, reaching $48.46. 99,702 shares of the company’s stock were exchanged. The company has a market capitalization of $6.08 billion, a PE ratio of 18.28 and a beta of 1.24. The company’s 50-day moving average price is $47.93 and its 200-day moving average price is $47.64. Robert Half International Inc. has a one year low of $34.42 and a one year high of $50.98.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 20th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.64 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Robert Half International Inc. will post $2.66 earnings per share for the current year.
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Several research analysts have recently issued reports on RHI shares. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. BMO Capital Markets reissued a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a report on Friday, April 21st. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.25.
In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of Robert Half International stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the completion of the sale, the insider now directly owns 326,428 shares in the company, valued at approximately $15,456,365.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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