Robert Half International Inc. (RHI) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lowered its stake in shares of Robert Half International Inc. (NYSE:RHI) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,403 shares of the business services provider’s stock after selling 600 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Robert Half International were worth $595,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aviva PLC lifted its stake in shares of Robert Half International by 42.4% in the 3rd quarter. Aviva PLC now owns 86,982 shares of the business services provider’s stock worth $6,122,000 after purchasing an additional 25,888 shares during the period. Affinity Investment Advisors LLC bought a new stake in Robert Half International during the 3rd quarter worth approximately $3,629,000. Korea Investment CORP raised its stake in Robert Half International by 62.7% during the 3rd quarter. Korea Investment CORP now owns 264,400 shares of the business services provider’s stock worth $18,608,000 after acquiring an additional 101,900 shares during the period. Baird Financial Group Inc. raised its stake in Robert Half International by 8.0% during the 3rd quarter. Baird Financial Group Inc. now owns 88,823 shares of the business services provider’s stock worth $6,164,000 after acquiring an additional 6,574 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Robert Half International during the 3rd quarter worth approximately $433,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

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Shares of RHI opened at $63.40 on Friday. Robert Half International Inc. has a 1 year low of $51.35 and a 1 year high of $79.91. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.86 and a beta of 1.29.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, January 29th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Robert Half International had a net margin of 7.49% and a return on equity of 39.15%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, equities research analysts anticipate that Robert Half International Inc. will post 4.08 earnings per share for the current year.

RHI has been the topic of a number of recent analyst reports. Nomura decreased their target price on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 target price on the stock in a research note on Monday, January 28th. Barclays cut shares of Robert Half International from an “overweight” rating to an “underweight” rating and decreased their target price for the stock from $72.00 to $58.00 in a research note on Monday, November 19th. Finally, ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $70.20.

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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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