Robert Half International Inc. (RHI) Shares Bought by Stifel Financial Corp
Stifel Financial Corp boosted its holdings in Robert Half International Inc. (NYSE:RHI) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,874 shares of the business services provider’s stock after acquiring an additional 4,336 shares during the period. Stifel Financial Corp owned about 0.05% of Robert Half International worth $3,768,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in Robert Half International in the fourth quarter worth approximately $30,000. Oregon Public Employees Retirement Fund grew its position in Robert Half International by 5,320.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock worth $30,000 after buying an additional 1,679,961 shares during the last quarter. Tributary Capital Management LLC acquired a new position in Robert Half International in the fourth quarter worth approximately $47,000. Doyle Wealth Management acquired a new position in Robert Half International in the fourth quarter worth approximately $89,000. Finally, Bremer Trust National Association acquired a new position in Robert Half International in the fourth quarter worth approximately $136,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on RHI shares. Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. SunTrust Banks lifted their price objective on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, January 30th. Nomura lowered their price objective on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Finally, ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $70.20.
Shares of NYSE:RHI opened at $63.15 on Tuesday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.86 and a beta of 1.34. Robert Half International Inc. has a 12-month low of $52.79 and a 12-month high of $79.91.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%. Equities research analysts expect that Robert Half International Inc. will post 4.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 25th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.28. Robert Half International’s dividend payout ratio (DPR) is 34.35%.
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About Robert Half International
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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