MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,560,299 shares of the business services provider’s stock after purchasing an additional 15,690 shares during the quarter. Robert Half International comprises approximately 1.5% of MERIAN GLOBAL INVESTORS UK Ltd’s portfolio, making the stock its 14th biggest holding. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Robert Half International were worth $166,829,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of RHI. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Robert Half International during the fourth quarter valued at approximately $1,218,000. Worldquant Millennium Quantitative Strategies LLC lifted its position in Robert Half International by 1,789.7% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 394,881 shares of the business services provider’s stock valued at $22,587,000 after purchasing an additional 373,984 shares during the last quarter. Two Sigma Securities LLC lifted its position in Robert Half International by 46.7% during the fourth quarter. Two Sigma Securities LLC now owns 4,649 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 1,479 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Robert Half International by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,010,966 shares of the business services provider’s stock valued at $57,826,000 after purchasing an additional 98,319 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Robert Half International by 12.0% during the fourth quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock valued at $564,035,000 after purchasing an additional 1,056,596 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.
Several brokerages have issued reports on RHI. BMO Capital Markets dropped their target price on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. SunTrust Banks lifted their target price on shares of Robert Half International to $70.00 and gave the company a “hold” rating in a research report on Wednesday, January 30th. Finally, Royal Bank of Canada began coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.40.
RHI stock opened at $55.89 on Friday. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.78 and a beta of 1.28. Robert Half International Inc. has a one year low of $52.79 and a one year high of $79.91. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.19.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.02). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. On average, analysts anticipate that Robert Half International Inc. will post 3.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Thursday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.
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Robert Half International 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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