Robert Half International Inc. (RHI) Position Lowered by State of Wisconsin Investment Board
State of Wisconsin Investment Board reduced its stake in Robert Half International Inc. (NYSE:RHI) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,974 shares of the business services provider’s stock after selling 6,916 shares during the quarter. State of Wisconsin Investment Board owned about 0.14% of Robert Half International worth $11,586,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. HighVista Strategies LLC lifted its stake in shares of Robert Half International by 13.6% in the first quarter. HighVista Strategies LLC now owns 6,700 shares of the business services provider’s stock worth $388,000 after acquiring an additional 800 shares during the period. BancorpSouth Bank lifted its stake in Robert Half International by 10.1% in the first quarter. BancorpSouth Bank now owns 10,320 shares of the business services provider’s stock valued at $598,000 after buying an additional 950 shares during the period. JLB & Associates Inc. lifted its stake in Robert Half International by 2.5% in the second quarter. JLB & Associates Inc. now owns 41,604 shares of the business services provider’s stock valued at $2,708,000 after buying an additional 996 shares during the period. Amalgamated Bank lifted its stake in Robert Half International by 4.9% in the first quarter. Amalgamated Bank now owns 27,940 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 1,295 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in Robert Half International by 5.1% in the second quarter. CIBC Private Wealth Group LLC now owns 27,750 shares of the business services provider’s stock valued at $1,806,000 after buying an additional 1,353 shares during the period. 88.37% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on RHI shares. Barclays boosted their price target on Robert Half International from $66.00 to $72.00 and gave the company a “$68.51” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, April 26th. SunTrust Banks reissued a “hold” rating and issued a $62.00 price target on shares of Robert Half International in a research note on Wednesday, April 25th. BMO Capital Markets boosted their price target on Robert Half International from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, July 25th. Finally, Robert W. Baird boosted their price target on Robert Half International from $67.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $64.64.
NYSE RHI opened at $76.96 on Friday. The company has a market cap of $9.71 billion, a PE ratio of 29.60 and a beta of 1.20. Robert Half International Inc. has a 52 week low of $42.92 and a 52 week high of $79.91.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Robert Half International had a return on equity of 33.44% and a net margin of 6.11%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.64 earnings per share. sell-side analysts expect that Robert Half International Inc. will post 3.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.12 annualized dividend and a dividend yield of 1.46%. Robert Half International’s dividend payout ratio is 43.08%.
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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