The 13F filing that Crossmark Global Holdings Inc. submitted to the Securities and Exchange Commission revealed that the company’s ownership in Robert Half International Inc. (NYSE: RHI) decreased by 15.7% during the third quarter. The fund’s total holding of the company’s stock was 33,477 shares at the end of the period, following the sale of 6,246 shares. Crossmark Global Holdings Inc. had a stake in Robert Half International worth $2,561,000 at the end of the most recent fiscal quarter.
Several other institutional investors and hedge funds have also modified their stock holdings due to the recent market activity. The value of Clarius Group LLC’s holdings in Robert Half International increased by 4.7% during the second quarter of the year. After the most recent acquisition of 127 shares during the most recent quarter, Clarius Group LLC now has 2,844 shares of the business services provider’s stock, valued at $213,000. This brings the total number of shares owned by the company to a total of 2,844 shares. During the third quarter, Oakworth Capital Inc. grew its holdings of Robert Half International by 7.6%, bringing the total amount of RHI stock it owned to a total of Oakworth Capital Inc. now has a total of 2,008 shares of the company, which has a market cap of $154,000. This was achieved by acquiring 141 additional shares over the preceding quarter. During the third quarter of this year, Synovus Financial Corporation increased the percentage of Robert Half International stock owned by 2.8%. The most recent quarter saw Synovus Financial Corp. acquire 155 additional shares, bringing the total number of shares it holds in the business services provider to 5,759; this gives the shares a value of $443,000 for the company. During the third quarter, HMS Capital Management LLC completed an increase in its ownership stake in Robert Half International, equal to a 4.2% increase in the percentage of stock it held. After purchasing an additional 165 shares during the most recent quarter, HMS Capital Management LLC now has 4,088 shares in the business services provider. The current market price for all these shares is $313,000, and the company has a market capitalization of HMS Capital Management LLC (as of June 30). And finally, during the first three months of this year, Industrial Alliance Investment Management Inc. added 7.3% more Robert Half International shares to its portfolio than it had previously. Industrial Alliance Investment Management Inc. now has a total of 2,429 shares of the business services provider’s stock, which has a value of $277,000, after purchasing an additional 166 shares during the most recent quarter. At this point, 94.13% of the company’s stock is owned by institutions.
Robert W. Glass, Executive Vice President of the company, sold 15,000 shares of the company’s stock on November 11. This was one of the more recent happenings in the business world. There was a total sales volume of 1,212,600 dollars worth of shares sold at an average price of $80.84 per share. The executive vice president now has 232,349 shares in the company, which have a value of $18,783,093.16 after selling those shares. If you follow this link, you will be taken to a file submitted to the SEC, which will provide you with additional information regarding the sale. Company insiders hold a stake in the company equal to 2.80% of its total stock.
Researchers with expertise in various disciplines have discussed the organization and offered their points of view. Credit Suisse Group reduced the price objective for Robert Half International in a research note released on Friday, October 21. The new price objective is $63.00, down from the previous price objective of $68.00. Additionally, a rating of “underperform” was assigned to the stock during that period. Robert W. Baird lowered their price target for Robert Half International from $95.00 to $880.00 in a research note published on Friday, October 21. The note was made public. It was revealed on January 5 in a published research note that BNP Paribas had acquired Robert Half International. They gave the company an outlook of “underperform,” and they decided that the price target for the stock would be $70.00. They rated the company. The price objective for Robert Half International was reduced from $80.00 to $70.00 in a research note made public by Barclays on Monday, October 24. In addition, the share of stock carried a rating of “equal weight” during that period. JPMorgan Chase & Co. lowered their price objective for Robert Half International from $89.00 to $76.00 and downgraded the company from an “overweight” rating to a “neutral” rating in a research note published on Friday, October 21. According to the data from Bloomberg.com, the stock has received an average recommendation of “Hold,” and the price target has been set at $77.78. The stock was recommended to be sold by four equity research experts, a recommendation to hold by three, and a recommendation to buy by just one.
The price of a share of RHI stock when it first traded on the New York Stock Exchange on Wednesday was $76.82. Over the past 50 trading days, the stock’s price has a simple moving average of $75.40; over the past 200 trading days, that figure has been $77.06. The company has a P/E ratio that is currently sitting at 12.47, a P/E/G ratio that is currently sitting at 6.90,