Robert Half International Inc. (NYSE:RHI) Short Interest Update
Robert Half International Inc. (NYSE:RHI) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 10,194,400 shares, a decrease of 8.2% from the May 30th total of 11,109,400 shares. Currently, 8.8% of the company’s stock are short sold. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 7.3 days.
Several equities research analysts recently weighed in on RHI shares. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. BMO Capital Markets upgraded shares of Gold Fields from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada started coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.40.
Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Robert Half International during the 4th quarter valued at about $65,054,000. AQR Capital Management LLC lifted its holdings in Robert Half International by 11.3% during the 1st quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock valued at $434,804,000 after purchasing an additional 676,123 shares during the last quarter. AJO LP lifted its holdings in Robert Half International by 32.8% during the 1st quarter. AJO LP now owns 2,272,322 shares of the business services provider’s stock valued at $148,065,000 after purchasing an additional 561,556 shares during the last quarter. Swedbank lifted its holdings in Robert Half International by 35.7% during the 2nd quarter. Swedbank now owns 2,107,722 shares of the business services provider’s stock valued at $120,161,000 after purchasing an additional 554,010 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Robert Half International by 4.6% during the 1st quarter. BlackRock Inc. now owns 10,311,422 shares of the business services provider’s stock valued at $671,892,000 after purchasing an additional 450,686 shares during the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). Robert Half International had a net margin of 7.63% and a return on equity of 40.97%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.80 earnings per share. Robert Half International’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that Robert Half International will post 3.98 EPS for the current year.
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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