Robert Half International Inc. (RHI) Stake Lessened by Kentucky Retirement Systems

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.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.02). Robert Half International had a net margin of 7.63% and a return on equity of 40.78%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that Robert Half International Inc. will post 4.08 earnings per share for the current year.

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.

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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.

Further Reading: Producer Price Index (PPI)

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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