Sumitomo Mitsui Asset Management Company LTD Sells 1,807 Shares of Robert Half International Inc. (NYSE:RHI)

Sumitomo Mitsui Asset Management Company LTD reduced its position in shares of Robert Half International Inc. (NYSE:RHI) by 16.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,469 shares of the business services provider’s stock after selling 1,807 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Robert Half International were worth $453,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Citizens Bank & Trust Co. purchased a new position in shares of Robert Half International during the first quarter worth approximately $3,084,000. Acadian Asset Management LLC raised its position in shares of Robert Half International by 534.4% in the first quarter. Acadian Asset Management LLC now owns 342,537 shares of the business services provider’s stock worth $16,723,000 after buying an additional 288,547 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of Robert Half International during the first quarter worth approximately $1,134,000. Nationwide Fund Advisors raised its position in shares of Robert Half International by 112.1% in the first quarter. Nationwide Fund Advisors now owns 77,307 shares of the business services provider’s stock worth $3,775,000 after buying an additional 40,853 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Robert Half International by 30.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,793 shares of the business services provider’s stock worth $625,000 after buying an additional 2,981 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Robert Half International Inc. (NYSE:RHI) opened at 43.42 on Friday. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $50.98. The firm has a market cap of $5.41 billion, a P/E ratio of 16.83 and a beta of 1.23. The stock has a 50 day moving average price of $46.94 and a 200-day moving average price of $47.22.

Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Robert Half International Inc. will post $2.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.24 dividend. The ex-dividend date of this dividend 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 37.21%.

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A number of research analysts have commented on the company. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BidaskClub downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Robert Half International presently has an average rating of “Hold” and an average target price of $47.25.

Robert Half International Company Profile

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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