State Treasurer State of Michigan decreased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,260 shares of the business services provider’s stock after selling 3,500 shares during the period. State Treasurer State of Michigan’s holdings in Robert Half International were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RHI. Seven Eight Capital LP boosted its stake in shares of 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 purchasing an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of 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 purchasing an additional 114 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Robert Half International during the 2nd quarter valued at about $197,000. Hikari Power Ltd bought a new stake in shares of Robert Half International during the 2nd quarter valued at about $204,000. Finally, Deschutes Portfolio Strategy LLC bought a new stake in Robert Half International during the second quarter worth about $206,000. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

RHI has been the topic of several research reports. BMO Capital Markets reissued a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a research note on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Robert Half International currently has a consensus rating of “Hold” and an average target price of $51.88.

Robert Half International Inc. (NYSE:RHI) opened at $52.34 on Friday. The company has a market capitalization of $6.54 billion, a PE ratio of 20.33 and a beta of 1.29.

Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The firm 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 company earned $0.71 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. equities research analysts forecast that Robert Half International Inc. will post 2.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s payout ratio is currently 37.65%.

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About Robert Half International

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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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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