Acadian Asset Management LLC reduced its stake in shares of Robert Half International Inc. (NYSE:RHI) by 57.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,439 shares of the business services provider’s stock after selling 136,354 shares during the quarter. Acadian Asset Management LLC owned 0.09% of Robert Half International worth $5,264,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. CI Investments Inc. raised its stake in Robert Half International by 4.6% during the third quarter. CI Investments Inc. now owns 9,748 shares of the business services provider’s stock worth $516,000 after acquiring an additional 427 shares in the last quarter. Victory Capital Management Inc. raised its stake in Robert Half International by 7.2% during the third quarter. Victory Capital Management Inc. now owns 349,853 shares of the business services provider’s stock worth $18,521,000 after acquiring an additional 23,434 shares in the last quarter. Goodman Financial Corp increased its stake in shares of Robert Half International by 2.0% in the third quarter. Goodman Financial Corp now owns 119,007 shares of the business services provider’s stock valued at $6,300,000 after buying an additional 2,283 shares in the last quarter. Sei Investments Co. increased its stake in shares of Robert Half International by 108.8% in the third quarter. Sei Investments Co. now owns 147,000 shares of the business services provider’s stock valued at $7,660,000 after buying an additional 76,596 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Robert Half International by 0.5% in the third quarter. BlackRock Inc. now owns 13,426,775 shares of the business services provider’s stock valued at $710,814,000 after buying an additional 63,318 shares in the last quarter. Hedge funds and other institutional investors own 93.55% of the company’s stock.
Robert Half International stock opened at $60.99 on Friday. The business’s 50-day simple moving average is $56.18 and its 200 day simple moving average is $53.03. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 5.21 and a beta of 1.53. Robert Half International Inc. has a 12-month low of $32.38 and a 12-month high of $66.78.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. Robert Half International had a return on equity of 32.24% and a net margin of 6.42%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was down 23.3% compared to the same quarter last year. Research analysts predict that Robert Half International Inc. will post 2.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, November 24th. Robert Half International’s dividend payout ratio (DPR) is currently 34.87%.
A number of brokerages have recently weighed in on RHI. SunTrust Banks raised their target price on Robert Half International from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Royal Bank of Canada raised their target price on Robert Half International from $54.00 to $58.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. They noted that the move was a valuation call. Cfra upgraded Robert Half International from a “sell” rating to a “buy” rating in a research note on Friday, October 23rd. Finally, Credit Suisse Group lowered Robert Half International from a “neutral” rating to an “underperform” rating and set a $50.00 target price for the company. in a research note on Thursday. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.67.
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 services 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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