Fox Run Management L.L.C. Decreases Stake in Robert Half International Inc. (NYSE:RHI)

Fox Run Management L.L.C. decreased its position in Robert Half International Inc. (NYSE:RHI) by 15.0% during the second quarter, Holdings Channel reports. The institutional investor owned 8,800 shares of the business services provider’s stock after selling 1,558 shares during the period. Fox Run Management L.L.C.’s holdings in Robert Half International were worth $422,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Robert Half International by 2,875.0% in the first quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock valued at $486,431,000 after buying an additional 9,626,906 shares during the period. First Trust Advisors LP boosted its stake in shares of Robert Half International by 524.0% in the first quarter. First Trust Advisors LP now owns 821,574 shares of the business services provider’s stock valued at $40,117,000 after buying an additional 689,914 shares during the period. Boston Partners boosted its stake in shares of Robert Half International by 11.1% in the first quarter. Boston Partners now owns 6,529,472 shares of the business services provider’s stock valued at $318,834,000 after buying an additional 651,348 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Robert Half International by 1,888.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 523,985 shares of the business services provider’s stock valued at $25,584,000 after buying an additional 497,636 shares during the period. Finally, Janus Capital Management LLC boosted its stake in shares of Robert Half International by 2,277.0% in the first quarter. Janus Capital Management LLC now owns 465,054 shares of the business services provider’s stock valued at $22,709,000 after buying an additional 445,489 shares during the period. Institutional investors own 87.44% of the company’s stock.

Robert Half International Inc. (NYSE:RHI) opened at 49.05 on Monday. The firm has a market cap of $6.16 billion, a P/E ratio of 18.50 and a beta of 1.24. Robert Half International Inc. has a 12 month low of $34.42 and a 12 month high of $50.98. The stock has a 50 day moving average of $47.05 and a 200-day moving average of $47.65.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.04. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. Robert Half International’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts predict that Robert Half International Inc. will post $2.66 earnings per share for the current fiscal year.

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Several analysts have weighed in on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research note on Friday. Finally, ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Robert Half International presently has a consensus rating of “Hold” and a consensus target price of $47.25.

In related news, insider Robert W. Glass sold 22,237 shares of Robert Half International stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total value of $1,052,921.95. Following the completion of the sale, the insider now directly owns 326,428 shares in the company, valued at approximately $15,456,365.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by company insiders.

About Robert Half International

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

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