Amalgamated Bank lifted its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,390 shares of the business services provider’s stock after purchasing an additional 10,157 shares during the quarter. Amalgamated Bank’s holdings in Robert Half International were worth $1,624,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. JPMorgan Chase & Co. boosted its holdings in shares of Robert Half International by 20.1% in the third quarter. JPMorgan Chase & Co. now owns 1,317,128 shares of the business services provider’s stock worth $92,701,000 after acquiring an additional 220,845 shares during the period. American International Group Inc. boosted its position in shares of Robert Half International by 5.0% in the 3rd quarter. American International Group Inc. now owns 48,838 shares of the business services provider’s stock worth $3,437,000 after purchasing an additional 2,311 shares in the last quarter. Credit Suisse AG raised its holdings in Robert Half International by 32.4% in the 3rd quarter. Credit Suisse AG now owns 300,407 shares of the business services provider’s stock worth $21,144,000 after acquiring an additional 73,464 shares during the last quarter. Shell Asset Management Co. raised its holdings in Robert Half International by 41.2% in the 3rd quarter. Shell Asset Management Co. now owns 10,251 shares of the business services provider’s stock worth $721,000 after acquiring an additional 2,989 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Robert Half International by 339.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 284,352 shares of the business services provider’s stock valued at $20,013,000 after buying an additional 219,600 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.
RHI traded up $0.03 on Monday, reaching $66.99. 484,251 shares of the company’s stock were exchanged, compared to its average volume of 1,072,015. The firm has a market capitalization of $7.92 billion, a PE ratio of 18.56, a PEG ratio of 1.94 and a beta of 1.33. Robert Half International Inc. has a twelve month low of $52.79 and a twelve month high of $79.91.
In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $66.17, for a total transaction of $4,962,750.00. Following the completion of the transaction, the chief operating officer now owns 352,476 shares in the company, valued at approximately $23,323,336.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.
RHI has been the subject of several recent analyst reports. Bank of America downgraded shares of Robert Half International from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. SunTrust Banks raised their target price on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, January 30th. Nomura dropped their price objective on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. Finally, ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Three 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 a consensus rating of “Hold” and a consensus price target of $70.20.
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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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