JLB & Associates Inc. increased its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,420 shares of the business services provider’s stock after purchasing an additional 1,671 shares during the quarter. JLB & Associates Inc.’s holdings in Robert Half International were worth $2,669,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ boosted its stake in Robert Half International by 7,164.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,506,691 shares of the business services provider’s stock worth $79,598,000 after buying an additional 1,485,950 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Robert Half International by 89.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,062,306 shares of the business services provider’s stock valued at $108,952,000 after purchasing an additional 972,001 shares during the last quarter. Capital Research Global Investors purchased a new stake in Robert Half International in the first quarter valued at approximately $36,108,000. Nordea Investment Management AB lifted its stake in Robert Half International by 130.1% during the second quarter. Nordea Investment Management AB now owns 1,234,034 shares of the business services provider’s stock worth $63,886,000 after purchasing an additional 697,816 shares in the last quarter. Finally, Ardevora Asset Management LLP purchased a new position in shares of Robert Half International during the second quarter worth $36,551,000. 93.55% of the stock is owned by hedge funds and other institutional investors.
Shares of RHI stock traded down $0.13 on Friday, reaching $56.66. 509,158 shares of the stock were exchanged, compared to its average volume of 1,207,812. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.86 and a beta of 1.54. The business’s 50 day moving average price is $54.03 and its 200 day moving average price is $50.57. Robert Half International Inc. has a twelve month low of $32.38 and a twelve month high of $63.84.
In other Robert Half International news, Director Marc Morial sold 3,575 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $55.93, for a total value of $199,949.75. Corporate insiders own 2.90% of the company’s stock.
Several research firms recently issued reports on RHI. Credit Suisse Group decreased their target price on Robert Half International from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. SunTrust Banks raised their price objective on shares of Robert Half International from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Finally, BMO Capital Markets upped their target price on shares of Robert Half International from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $54.44.
Robert Half International Company 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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