SVA Plumb Wealth Management LLC Sells 400 Shares of Robert Half International Inc. (RHI)

SVA Plumb Wealth Management LLC reduced its holdings in Robert Half International Inc. (NYSE:RHI) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,783 shares of the business services provider’s stock after selling 400 shares during the period. SVA Plumb Wealth Management LLC owned about 0.05% of Robert Half International worth $3,153,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Investment Counselors of Maryland LLC boosted its holdings in shares of Robert Half International by 0.5% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 24 shares during the last quarter. Financial Counselors Inc. boosted its holdings in shares of Robert Half International by 0.4% in the 2nd quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock valued at $405,000 after acquiring an additional 35 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Robert Half International by 0.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after acquiring an additional 38 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of Robert Half International by 0.7% in the 2nd quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock valued at $262,000 after acquiring an additional 39 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares during the last quarter. 84.12% of the stock is currently owned by institutional investors and hedge funds.

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RHI has been the topic of several recent research reports. ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of 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, five have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.86.

Shares of Robert Half International Inc. (RHI) traded up 0.61% during mid-day trading on Tuesday, reaching $46.14. 81,972 shares of the company were exchanged. Robert Half International Inc. has a 12 month low of $34.42 and a 12 month high of $50.98. The stock has a 50 day moving average price of $44.42 and a 200-day moving average price of $46.66. The stock has a market capitalization of $5.75 billion, a P/E ratio of 17.88 and a beta of 1.24.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a yield of 2.09%. Robert Half International’s dividend payout ratio is currently 37.21%.

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.

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

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