Pendal Group Ltd Sells 3,777 Shares of Robert Half International Inc. (NYSE:RHI)
Pendal Group Ltd decreased its position in Robert Half International Inc. (NYSE:RHI) by 6.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 58,311 shares of the business services provider’s stock after selling 3,777 shares during the period. Pendal Group Ltd’s holdings in Robert Half International were worth $3,324,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Alpha Quant Advisors LLC grew its holdings in shares of Robert Half International by 125.9% in the first quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Anderson Fisher LLC bought a new stake in Robert Half International in the first quarter valued at $38,000. WP Advisors LLC bought a new stake in Robert Half International in the first quarter valued at $47,000. Thor Advisors LLC bought a new stake in Robert Half International in the first quarter valued at $72,000. Finally, NEXT Financial Group Inc bought a new stake in Robert Half International in the second quarter valued at $86,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.
Robert Half International stock traded down $2.58 on Wednesday, hitting $54.02. 42,752 shares of the stock traded hands, compared to its average volume of 1,265,352. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.84 and a beta of 1.32. The firm has a fifty day moving average of $58.12. Robert Half International Inc. has a 1 year low of $52.79 and a 1 year high of $79.11.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.30%. The ex-dividend date is Thursday, August 22nd. Robert Half International’s dividend payout ratio is currently 34.35%.
Several analysts recently weighed in on RHI shares. BMO Capital Markets lifted their price target on shares of Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Royal Bank of Canada started coverage on shares of Robert Half International in a report on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Nomura lifted their price target on shares of Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target on the stock. in a report on Thursday, July 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $68.63.
Robert Half International Company Profile
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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