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.
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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