Royal Bank of Canada Has $7.74 Million Position in Robert Half International Inc. (RHI)

Royal Bank of Canada increased its position in shares of Robert Half International Inc. (NYSE:RHI) by 26.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,568 shares of the business services provider’s stock after buying an additional 33,649 shares during the period. Royal Bank of Canada owned about 0.13% of Robert Half International worth $7,744,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP increased its stake in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia increased its stake in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares during the period. Lazard Asset Management LLC purchased a new stake in Robert Half International during the 1st quarter worth $148,000. Ameritas Investment Partners Inc. purchased a new stake in Robert Half International during the 1st quarter worth $152,000. Finally, Globeflex Capital L P purchased a new stake in Robert Half International during the 2nd quarter worth $197,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

RHI has been the topic of several analyst reports. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BMO Capital Markets lifted their price target on shares of Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. downgraded shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.00.

Shares of Robert Half International Inc. (RHI) opened at 50.07 on Thursday. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $51.76. The stock has a market cap of $6.24 billion, a P/E ratio of 19.41 and a beta of 1.27. The company’s 50-day moving average is $48.19 and its 200 day moving average is $46.84.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. Robert Half International’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Robert Half International Inc. will post $2.62 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Royal Bank of Canada Has $7.74 Million Position in Robert Half International Inc. (RHI)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this p

Other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP increased its stake in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia increased its stake in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares during the period. Lazard Asset Management LLC purchased a new stake in Robert Half International during the 1st quarter worth $148,000. Ameritas Investment Partners Inc. purchased a new stake in Robert Half International during the 1st quarter worth $152,000. Finally, Globeflex Capital L P purchased a new stake in Robert Half International during the 2nd quarter worth $197,000. 84.09% of the stock is currently owned by hedge funds and other institutional investors.

RHI has been the topic of several analyst reports. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BMO Capital Markets lifted their price target on shares of Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, SunTrust Banks, Inc. downgraded shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.00.

Shares of Robert Half International Inc. (RHI) opened at 50.07 on Thursday. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $51.76. The stock has a market cap of $6.24 billion, a P/E ratio of 19.41 and a beta of 1.27. The company’s 50-day moving average is $48.19 and its 200 day moving average is $46.84.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. Robert Half International’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Robert Half International Inc. will post $2.62 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Royal Bank of Canada Has $7.74 Million Position in Robert Half International Inc. (RHI)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/19/royal-bank-of-canada-has-7-74-million-position-in-robert-half-international-inc-rhi.html.

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.

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

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