TD Asset Management Inc. cut its position in Robert Half International Inc. (NYSE:RHI) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 353,188 shares of the business services provider’s stock after selling 12,483 shares during the period. TD Asset Management Inc.’s holdings in Robert Half International were worth $16,928,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in RHI. First Bank & Trust boosted its position in shares of Robert Half International by 4.6% in the second quarter. First Bank & Trust now owns 4,847 shares of the business services provider’s stock worth $232,000 after buying an additional 211 shares during the period. ARP Americas LLC bought a new position in shares of Robert Half International during the second quarter worth approximately $273,000. JLB & Associates Inc. bought a new position in shares of Robert Half International during the second quarter worth approximately $1,904,000. Korea Investment CORP boosted its position in shares of Robert Half International by 13.0% in the second quarter. Korea Investment CORP now owns 98,800 shares of the business services provider’s stock worth $4,735,000 after buying an additional 11,400 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Robert Half International by 703.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 102,820 shares of the business services provider’s stock worth $4,928,000 after buying an additional 90,027 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Shares of Robert Half International Inc. (NYSE:RHI) opened at 43.41 on Friday. The firm has a 50 day moving average price of $46.82 and a 200 day moving average price of $47.18. Robert Half International Inc. has a one year low of $34.42 and a one year high of $50.98. The stock has a market capitalization of $5.41 billion, a PE ratio of 16.83 and a beta of 1.23.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Analysts predict that Robert Half International Inc. will post $2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. Robert Half International’s dividend payout ratio is currently 37.21%.

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RHI has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a report on Tuesday, July 11th. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BidaskClub cut Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Robert Half International has an average rating of “Hold” and an average target price of $47.25.

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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