Affinity Investment Advisors LLC lessened its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 31.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,354 shares of the business services provider’s stock after selling 16,211 shares during the period. Affinity Investment Advisors LLC’s holdings in Robert Half International were worth $2,022,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. JLB & Associates Inc. increased its holdings in Robert Half International by 0.5% during the 4th quarter. JLB & Associates Inc. now owns 41,859 shares of the business services provider’s stock valued at $2,394,000 after purchasing an additional 220 shares during the period. Contravisory Investment Management Inc. increased its holdings in Robert Half International by 4.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 6,706 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 273 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Robert Half International by 7.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the business services provider’s stock worth $252,000 after acquiring an additional 300 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Robert Half International during the 4th quarter worth approximately $30,000. Finally, Cardinal Capital Management grew its holdings in shares of Robert Half International by 2.3% during the 4th quarter. Cardinal Capital Management now owns 25,074 shares of the business services provider’s stock worth $1,434,000 after acquiring an additional 555 shares during the period. Institutional investors own 93.27% of the company’s stock.
RHI stock opened at $64.74 on Tuesday. Robert Half International Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $79.91. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.85 and a beta of 1.29.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. As a group, sell-side analysts expect that Robert Half International Inc. will post 4.08 earnings per share for the current fiscal year.
A number of research firms have weighed in on RHI. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. reduced their target price on Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. BMO Capital Markets upped their target price on Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Bank of America began coverage on Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 target price on the stock. Finally, SunTrust Banks upped their target price on Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.20.
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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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