Kentucky Retirement Systems lowered its holdings in Robert Half International Inc. (NYSE:RHI) by 53.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,284 shares of the business services provider’s stock after selling 6,159 shares during the quarter. Kentucky Retirement Systems’ holdings in Robert Half International were worth $302,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in RHI. JPMorgan Chase & Co. raised its holdings in 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 valued at $92,701,000 after acquiring an additional 220,845 shares in the last quarter. American International Group Inc. grew its holdings in 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 valued at $3,437,000 after buying an additional 2,311 shares during the period. Shell Asset Management Co. grew its holdings in shares of Robert Half International by 41.2% during the 3rd quarter. Shell Asset Management Co. now owns 10,251 shares of the business services provider’s stock worth $721,000 after purchasing an additional 2,989 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of 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 worth $20,013,000 after purchasing an additional 219,600 shares during the period. Finally, FDx Advisors Inc. purchased a new stake in shares of Robert Half International during the 3rd quarter worth about $203,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of RHI traded up $0.35 during trading on Friday, reaching $62.45. The company’s stock had a trading volume of 1,065,900 shares, compared to its average volume of 1,134,588. Robert Half International Inc. has a twelve month low of $52.79 and a twelve month high of $79.91. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 2.01 and a beta of 1.33.
A number of brokerages have recently issued reports on RHI. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Royal Bank of Canada initiated coverage on Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating on the stock. Nomura reduced their price target on Robert Half International to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Finally, BMO Capital Markets reduced their price target on Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $69.40.
In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $66.17, for a total value of $4,962,750.00. Following the transaction, the chief operating officer now directly owns 352,476 shares of the company’s stock, valued at approximately $23,323,336.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.
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.
Further Reading: Producer Price Index (PPI)
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