QUANTRES ASSET MANAGEMENT Ltd Purchases New Stake in Robert Half International Inc. (RHI)

QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in Robert Half International Inc. (NYSE:RHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,800 shares of the business services provider’s stock, valued at approximately $690,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in Robert Half International by 8.1% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,754,251 shares of the business services provider’s stock worth $123,464,000 after acquiring an additional 132,097 shares during the last quarter. Swedbank purchased a new position in Robert Half International during the 3rd quarter worth $99,177,000. Schwab Charles Investment Management Inc. boosted its holdings in Robert Half International by 10.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,359,734 shares of the business services provider’s stock worth $88,519,000 after acquiring an additional 124,657 shares during the last quarter. Morgan Stanley boosted its holdings in Robert Half International by 199.6% during the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock worth $73,927,000 after acquiring an additional 756,618 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Robert Half International by 30.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,045,410 shares of the business services provider’s stock worth $68,056,000 after acquiring an additional 243,777 shares during the last quarter. 89.47% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Robert W. Glass sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $77.50, for a total value of $3,100,000.00. Following the sale, the executive vice president now directly owns 271,364 shares in the company, valued at approximately $21,030,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

A number of equities analysts have issued reports on RHI shares. Goldman Sachs Group downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $70.00 to $67.00 in a report on Wednesday, September 5th. Nomura lifted their target price on Robert Half International from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research cut Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Bank of America started coverage on Robert Half International in a research note on Tuesday, October 23rd. They set a “buy” rating and a $74.00 target price on the stock. Finally, Credit Suisse Group began coverage on Robert Half International in a research note on Friday, August 10th. They set an “underperform” rating and a $57.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $68.31.

Shares of Robert Half International stock opened at $58.84 on Tuesday. Robert Half International Inc. has a 52-week low of $50.90 and a 52-week high of $79.91. The stock has a market capitalization of $7.17 billion, a P/E ratio of 22.63, a PEG ratio of 1.24 and a beta of 1.17.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that Robert Half International Inc. will post 3.54 earnings per share for the current fiscal year.

About Robert Half International

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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