State Board of Administration of Florida Retirement System cut its position in shares of Robert Half International Inc. (NYSE:RHI) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 187,449 shares of the business services provider’s stock after selling 3,407 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Robert Half International were worth $10,722,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RHI. Oppenheimer Asset Management Inc. bought a new position in Robert Half International during the fourth quarter valued at approximately $30,000. Tributary Capital Management LLC bought a new position in Robert Half International in the fourth quarter worth approximately $47,000. Parallel Advisors LLC grew its stake in Robert Half International by 1,113.6% in the third quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $157,000 after purchasing an additional 2,049 shares in the last quarter. Squar Milner Financial Services LLC bought a new position in Robert Half International in the third quarter worth approximately $171,000. Finally, National Pension Service bought a new position in Robert Half International in the third quarter worth approximately $176,000. 93.27% of the stock is owned by institutional investors.
Shares of NYSE RHI opened at $64.74 on Tuesday. The firm has a market cap of $7.76 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.85 and a beta of 1.29. Robert Half International Inc. has a 12-month low of $52.79 and a 12-month high of $79.91.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. On average, equities research analysts forecast that Robert Half International Inc. will post 4.08 earnings per share for the current fiscal year.
Several research analysts recently issued reports on RHI shares. BMO Capital Markets increased their price objective on Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 24th. Barclays cut Robert Half International from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $72.00 to $58.00 in a research note on Monday, November 19th. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Bank of America started coverage on Robert Half International in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective on the stock. Finally, Nomura dropped their price objective on Robert Half International to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Robert Half International presently has a consensus rating of “Hold” and an average price target of $70.20.
Robert Half International Company Profile
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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