Robert Half International Inc. (RHI) is Hutchinson Capital Management CA’s 2nd Largest Position
Hutchinson Capital Management CA lowered its stake in Robert Half International Inc. (NYSE:RHI) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 462,977 shares of the business services provider’s stock after selling 5,383 shares during the quarter. Robert Half International comprises approximately 6.3% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 2nd biggest holding. Hutchinson Capital Management CA owned 0.37% of Robert Half International worth $23,306,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Seven Eight Capital LP lifted its stake in Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after buying an additional 114 shares in the last quarter. Bremer Trust National Association bought a new position in Robert Half International in the third quarter valued at approximately $205,000. Globeflex Capital L P bought a new position in Robert Half International in the second quarter valued at approximately $197,000. Finally, Hikari Power Ltd bought a new position in Robert Half International in the second quarter valued at approximately $204,000. 84.03% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s payout ratio is currently 37.65%.
A number of brokerages have weighed in on RHI. BMO Capital Markets lifted their price target on shares of 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. Credit Suisse Group boosted their price objective on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Robert Half International has an average rating of “Hold” and a consensus price target of $51.88.
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Robert Half International 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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