Robert Half International Inc. (RHI) Holdings Cut by First Trust Advisors LP
First Trust Advisors LP lessened its stake in shares of Robert Half International Inc. (NYSE:RHI) by 93.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,811 shares of the business services provider’s stock after selling 605,531 shares during the period. First Trust Advisors LP’s holdings in Robert Half International were worth $2,155,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RHI. Seven Eight Capital LP grew its stake in 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 acquiring an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia grew its stake in 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 acquiring an additional 114 shares in the last quarter. Globeflex Capital L P purchased a new position in Robert Half International during the 2nd quarter valued at about $197,000. Hikari Power Ltd purchased a new position in Robert Half International during the 2nd quarter valued at about $204,000. Finally, Deschutes Portfolio Strategy LLC purchased a new position in Robert Half International during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 84.17% of the company’s stock.
Several equities analysts have weighed in on the company. BidaskClub cut Robert Half International from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Robert W. Baird lifted their target price 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. 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 lifted their target price on Robert Half International from $49.00 to $53.00 and gave the company 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.88.
In related news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the sale, the insider now 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 SEC, which is available at this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Shares of Robert Half International Inc. (NYSE RHI) traded up $0.10 during midday trading on Friday, hitting $54.69. The company had a trading volume of 388,903 shares, compared to its average volume of 901,992. The company has a market cap of $6,855.39, a PE ratio of 21.45 and a beta of 1.29. Robert Half International Inc. has a 1-year low of $42.92 and a 1-year high of $55.22.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. analysts expect that Robert Half International Inc. will post 2.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. Robert Half International’s payout ratio is 37.65%.
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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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