Todd Asset Management LLC raised its position in shares of Robert Half International Inc. (NYSE:RHI) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 303,638 shares of the business services provider’s stock after purchasing an additional 5,355 shares during the quarter. Todd Asset Management LLC owned 0.24% of Robert Half International worth $15,285,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP grew its stake in shares of 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 valued at $117,000 after purchasing an additional 1,400 shares during the period. Commonwealth Bank of Australia grew its stake in shares of 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 valued at $130,000 after purchasing an additional 114 shares during the period. Bremer Trust National Association bought a new stake in shares of Robert Half International during the 3rd quarter valued at about $205,000. Smithfield Trust Co. bought a new stake in shares of Robert Half International during the 3rd quarter valued at about $206,000. Finally, Globeflex Capital L P bought a new stake in shares of Robert Half International during the 2nd quarter valued at about $197,000. Institutional investors and hedge funds own 83.92% of the company’s stock.
Robert Half International Inc. (NYSE RHI) traded up $0.63 during mid-day trading on Tuesday, hitting $53.53. The stock had a trading volume of 920,400 shares, compared to its average volume of 1,063,591. Robert Half International Inc. has a 12-month low of $42.92 and a 12-month high of $53.70. The stock has a market cap of $6,631.00, a PE ratio of 20.75 and a beta of 1.29.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts predict that Robert Half International Inc. will post 2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. Robert Half International’s payout ratio is currently 37.65%.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.40% of the stock is owned by insiders.
A number of equities research analysts have issued reports on RHI shares. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BidaskClub downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird boosted their price target on Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. downgraded Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a research note on Wednesday, October 11th. Finally, Credit Suisse Group boosted their price target on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.88.
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Robert Half International Company 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.
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