California Public Employees Retirement System Increases Holdings in Robert Half International Inc. (NYSE:RHI)

California Public Employees Retirement System lifted its position in shares of Robert Half International Inc. (NYSE:RHI) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,615 shares of the business services provider’s stock after acquiring an additional 47,091 shares during the quarter. California Public Employees Retirement System owned 0.29% of Robert Half International worth $19,237,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Swedbank boosted its stake in shares of Robert Half International by 35.7% during the 2nd quarter. Swedbank now owns 2,107,722 shares of the business services provider’s stock worth $120,161,000 after acquiring an additional 554,010 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Robert Half International by 176.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,166,137 shares of the business services provider’s stock worth $66,481,000 after acquiring an additional 744,889 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Robert Half International by 4.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,130,134 shares of the business services provider’s stock worth $64,429,000 after acquiring an additional 44,755 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Robert Half International by 12.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,110,114 shares of the business services provider’s stock worth $63,286,000 after acquiring an additional 119,088 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Robert Half International by 2.4% during the 2nd quarter. Invesco Ltd. now owns 1,051,026 shares of the business services provider’s stock worth $59,919,000 after acquiring an additional 24,301 shares in the last quarter. 95.34% of the stock is currently owned by institutional investors and hedge funds.

RHI stock opened at $57.94 on Friday. Robert Half International Inc. has a 1 year low of $51.90 and a 1 year high of $69.08. The stock’s 50 day moving average price is $55.75 and its 200 day moving average price is $56.73. The firm has a market cap of $6.85 billion, a P/E ratio of 16.05, a PEG ratio of 2.11 and a beta of 1.34.

Robert Half International (NYSE:RHI) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Robert Half International had a return on equity of 41.71% and a net margin of 7.56%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $0.95 EPS. Robert Half International’s revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Robert Half International Inc. will post 3.91 EPS for the current year.

Several equities research analysts have recently commented on RHI shares. Barclays reissued a “sell” rating and set a $55.00 price target on shares of Robert Half International in a research note on Thursday, October 17th. Royal Bank of Canada set a $65.00 price target on Robert Half International and gave the stock a “hold” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price target on Robert Half International from $55.00 to $57.00 and gave the stock a “market perform” rating in a research note on Thursday, October 24th. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a research note on Monday, October 21st. Finally, CL King assumed coverage on Robert Half International in a research note on Monday, October 28th. They set a “buy” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Robert Half International presently has an average rating of “Hold” and a consensus target price of $62.63.

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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