Quantitative Systematic Strategies LLC cut its position in shares of Robert Half International Inc. (NYSE:RHI) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,705 shares of the company’s stock after selling 5,484 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Robert Half International were worth $978,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in RHI. Midas Management Corp increased its stake in shares of Robert Half International by 86.0% in the second quarter. Midas Management Corp now owns 46,500 shares of the company’s stock worth $1,774,000 after buying an additional 21,500 shares in the last quarter. Cardinal Capital Management increased its stake in Robert Half International by 7.3% in the second quarter. Cardinal Capital Management now owns 14,025 shares of the company’s stock worth $535,000 after buying an additional 954 shares during the period. Huntington National Bank increased its stake in Robert Half International by 127.5% in the second quarter. Huntington National Bank now owns 5,323 shares of the company’s stock worth $203,000 after buying an additional 2,983 shares during the period. Cambiar Investors LLC acquired a new stake in Robert Half International during the second quarter worth $3,700,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Robert Half International by 6.1% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,375 shares of the company’s stock worth $243,000 after buying an additional 368 shares during the period. Institutional investors own 85.17% of the company’s stock.
Robert Half International Inc. (NYSE:RHI) traded up 3.05% during midday trading on Monday, reaching $38.81. 645,002 shares of the company’s stock traded hands. Robert Half International Inc. has a 1-year low of $34.34 and a 1-year high of $54.01. The firm’s 50-day moving average is $37.90 and its 200-day moving average is $39.70. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 13.90 and a beta of 1.26.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Robert Half International had a return on equity of 35.42% and a net margin of 6.94%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Analysts forecast that Robert Half International Inc. will post $2.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, August 23rd. Robert Half International’s dividend payout ratio is currently 31.54%.
A number of research firms have recently weighed in on RHI. Credit Suisse Group AG downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $37.00 to $33.00 in a report on Monday, October 3rd. Northcoast Research downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating in a report on Thursday, September 29th. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th. Macquarie began coverage on shares of Robert Half International in a report on Thursday, August 25th. They issued a “neutral” rating and a $43.00 target price on the stock. Finally, Deutsche Bank AG began coverage on shares of Robert Half International in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.53.
In other news, insider Robert W. Glass sold 30,061 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.93, for a total value of $1,110,152.73. Following the transaction, the insider now directly owns 340,972 shares of the company’s stock, valued at $12,592,095.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.40% of the stock is currently owned by insiders.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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