Exxonmobil Investment Management Inc. TX trimmed its position in Robert Half International Inc. (NYSE:RHI) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,931 shares of the business services provider’s stock after selling 3,112 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Robert Half International were worth $1,107,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in RHI. Fuller & Thaler Asset Management Inc. increased its stake in Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,600 shares during the last quarter. Seven Eight Capital LP boosted its position in Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,400 shares in the last quarter. Globeflex Capital L P acquired a new stake in Robert Half International in the second quarter valued at approximately $197,000. Bremer Trust National Association acquired a new stake in Robert Half International in the third quarter valued at approximately $205,000. Finally, Smithfield Trust Co. acquired a new stake in Robert Half International in the third quarter valued at approximately $206,000. 85.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. Robert Half International’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 EPS. equities research analysts expect that Robert Half International Inc. will post 2.58 earnings per share for the current fiscal year.
A number of analysts have weighed in on RHI shares. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Robert W. Baird raised their target price on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. SunTrust Banks lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research report on Wednesday, October 11th. Credit Suisse Group raised their target price on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets raised their target price on shares of Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $53.67.
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Robert Half International Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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