Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 17.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,560 shares of the business services provider’s stock after selling 10,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Robert Half International were worth $3,418,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of RHI. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Robert Half International by 8.1% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,754,251 shares of the business services provider’s stock worth $123,464,000 after purchasing an additional 132,097 shares in the last quarter. Swedbank purchased a new position in Robert Half International in the 3rd quarter worth approximately $99,177,000. Schwab Charles Investment Management Inc. grew its stake in Robert Half International by 10.1% in 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 buying an additional 124,657 shares in the last quarter. Morgan Stanley grew its stake in Robert Half International by 199.6% in the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock worth $73,927,000 after buying an additional 756,618 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Robert Half International by 30.4% in 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 buying an additional 243,777 shares in the last quarter. Institutional investors and hedge funds own 89.51% of the company’s stock.
Shares of Robert Half International stock traded down $1.31 during trading on Friday, reaching $58.41. The company’s stock had a trading volume of 171,348 shares, compared to its average volume of 1,253,360. 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 $7.76 billion, a price-to-earnings ratio of 22.47 and a beta of 1.16.
In other Robert Half International news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the completion of the sale, the executive vice president now directly owns 271,364 shares in the company, valued at $21,030,710. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.
A number of equities analysts have commented on RHI shares. Goldman Sachs Group cut shares of Robert Half International from a “neutral” rating to a “sell” rating and cut their price target for the stock from $70.00 to $67.00 in a research note on Wednesday, September 5th. Nomura upped their target price on shares of Robert Half International from $80.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Bank of America initiated coverage on Robert Half International in a report on Tuesday. They issued a “buy” rating and a $74.00 price objective for the company. Finally, Credit Suisse Group initiated coverage on Robert Half International in a report on Friday, August 10th. They issued an “underperform” rating and a $57.00 price objective for the company. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $68.31.
Robert Half International 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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