Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Holdings in Robert Half International Inc. (RHI)

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Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Robert Half International Inc. (NYSE:RHI) by 49.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,118 shares of the business services provider’s stock after selling 18,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Robert Half International were worth $1,094,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc boosted its position in shares of Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after buying an additional 1,053,543 shares during the period. AQR Capital Management LLC boosted its position in shares of Robert Half International by 8.4% during the third quarter. AQR Capital Management LLC now owns 5,449,282 shares of the business services provider’s stock worth $383,520,000 after buying an additional 423,389 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of Robert Half International by 8.1% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,754,251 shares of the business services provider’s stock worth $123,464,000 after buying an additional 132,097 shares during the period. Morgan Stanley boosted its position in shares of Robert Half International by 37.3% during the third quarter. Morgan Stanley now owns 1,558,820 shares of the business services provider’s stock worth $109,710,000 after buying an additional 423,215 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Robert Half International by 32.3% during the third quarter. Janus Henderson Group PLC now owns 1,382,612 shares of the business services provider’s stock worth $97,308,000 after buying an additional 337,202 shares during the period. Institutional investors own 91.95% of the company’s stock.

RHI has been the subject of several analyst reports. Bank of America initiated coverage on Robert Half International in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. BMO Capital Markets boosted their price objective on Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 24th. JPMorgan Chase & Co. reduced their price objective on Robert Half International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.20.

Shares of NYSE:RHI opened at $63.40 on Monday. Robert Half International Inc. has a 12 month low of $51.35 and a 12 month high of $79.91. The company has a market cap of $7.70 billion, a P/E ratio of 17.56, a PEG ratio of 1.85 and a beta of 1.29.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, January 29th. The business services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts expect that Robert Half International Inc. will post 4.08 EPS for the current year.

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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.

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

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