Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its stake in Robert Half International Inc. (NYSE:RHI) by 156.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,204 shares of the business services provider’s stock after acquiring an additional 30,003 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Robert Half International were worth $2,770,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Tributary Capital Management LLC acquired a new position in Robert Half International in the 4th quarter worth $47,000. NEXT Financial Group Inc bought a new position in Robert Half International in the 3rd quarter worth $106,000. Parallel Advisors LLC lifted its stake in Robert Half International by 1,113.6% during the 3rd quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 2,049 shares during the period. Squar Milner Financial Services LLC purchased a new stake in Robert Half International during the 3rd quarter valued at approximately $171,000. Finally, National Pension Service bought a new stake in shares of Robert Half International during the third quarter worth $176,000. Institutional investors and hedge funds own 93.27% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. cut their target price on Robert Half International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. BMO Capital Markets upped their price objective on shares of Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. Bank of America assumed coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective on the stock. Finally, SunTrust Banks boosted their target price on shares of 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 given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $70.20.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Analysts predict that Robert Half International Inc. will post 4.08 earnings per share for the current fiscal year.
In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $66.17, for a total transaction of $4,962,750.00. Following the transaction, the chief operating officer now directly owns 352,476 shares in the company, valued at approximately $23,323,336.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.
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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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