Cambridge Investment Research Advisors Inc. cut its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,125 shares of the business services provider’s stock after selling 2,598 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Robert Half International were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Seven Eight Capital LP raised its position in shares of Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,400 shares during the period. Commonwealth Bank of Australia raised its position in shares of Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares during the period. Globeflex Capital L P acquired a new stake in shares of Robert Half International in the 2nd quarter valued at approximately $197,000. Hikari Power Ltd acquired a new stake in shares of Robert Half International in the 2nd quarter valued at approximately $204,000. Finally, Bremer Trust National Association acquired a new stake in shares of Robert Half International in the 3rd quarter valued at approximately $205,000. Institutional investors own 84.17% of the company’s stock.

In other news, insider Robert W. Glass sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Shares of Robert Half International Inc. (NYSE:RHI) traded up $0.10 on Monday, hitting $54.69. 388,900 shares of the stock traded hands, compared to its average volume of 1,059,585. The company has a market cap of $6,900.00, a PE ratio of 21.45 and a beta of 1.29. Robert Half International Inc. has a one year low of $42.92 and a one year high of $55.22.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. Robert Half International’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.71 earnings per share. analysts anticipate that Robert Half International Inc. will post 2.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. Robert Half International’s dividend payout ratio is currently 37.50%.

A number of analysts recently weighed in on the stock. BidaskClub downgraded shares of Robert Half International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Robert W. Baird increased their target price on Robert Half International from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their target price on Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.88.

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About Robert Half International

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

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