Hutchinson Capital Management CA purchased a new stake in shares of Robert Half International Inc. (NYSE:RHI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 341,660 shares of the company’s stock, valued at approximately $13,038,000. Robert Half International comprises 4.0% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 12th largest position. Hutchinson Capital Management CA owned about 0.27% of Robert Half International as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RHI. State Street Corp raised its position in shares of Robert Half International by 0.7% in the first quarter. State Street Corp now owns 5,436,962 shares of the company’s stock valued at $253,274,000 after buying an additional 35,909 shares during the period. First Manhattan Co. raised its position in shares of Robert Half International by 498.2% in the second quarter. First Manhattan Co. now owns 1,470,465 shares of the company’s stock valued at $56,113,000 after buying an additional 1,224,632 shares during the period. Geode Capital Management LLC raised its position in shares of Robert Half International by 4.8% in the first quarter. Geode Capital Management LLC now owns 1,238,125 shares of the company’s stock valued at $57,568,000 after buying an additional 56,391 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Robert Half International by 1.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,218,452 shares of the company’s stock valued at $46,496,000 after buying an additional 23,211 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Robert Half International by 6.1% in the first quarter. BlackRock Group LTD now owns 1,143,947 shares of the company’s stock valued at $53,285,000 after buying an additional 65,853 shares during the period. 85.08% of the stock is currently owned by institutional investors and hedge funds.

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

Robert Half International Inc. (NYSE:RHI) traded up 0.63% on Wednesday, hitting $38.30. The company had a trading volume of 350,202 shares. The company has a market capitalization of $4.92 billion, a P/E ratio of 13.72 and a beta of 1.26. The stock’s 50-day moving average price is $37.84 and its 200 day moving average price is $39.30. Robert Half International Inc. has a one year low of $34.34 and a one year high of $54.01.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Robert Half International Inc. will post $2.75 EPS for the current fiscal year.

RHI has been the topic of several research reports. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research note on Monday. BMO Capital Markets lowered Robert Half International from an “outperform” rating to a “market perform” rating and cut their target price for the company from $45.00 to $36.00 in a research note on Wednesday, July 27th. Bank of America Corp. lowered Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Wednesday, July 13th. Northcoast Research lowered Robert Half International from a “neutral” rating to a “sell” rating in a research note on Thursday, September 29th. Finally, Macquarie initiated coverage on Robert Half International in a research note on Thursday, August 25th. They issued a “neutral” rating and a $43.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Robert Half International currently has a consensus rating of “Hold” and an average price target of $45.53.

In other news, insider Robert W. Glass sold 30,061 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total value of $1,110,152.73. Following the transaction, the insider now directly owns 340,972 shares of the company’s stock, valued at approximately $12,592,095.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by company insiders.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

5 Day Chart for NYSE:RHI

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