Los Angeles Capital Management & Equity Research Inc. reduced its stake in Robert Half International Inc. (NYSE:RHI) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,768 shares of the business services provider’s stock after selling 53,615 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.11% of Robert Half International worth $6,699,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Robert Half International by 6.4% in the 1st quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after purchasing an additional 148 shares during the period. TrimTabs Asset Management LLC raised its holdings in Robert Half International by 89.1% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock worth $138,000 after purchasing an additional 1,328 shares during the period. Lazard Asset Management LLC bought a new position in Robert Half International in the 1st quarter worth $148,000. Ameritas Investment Partners Inc. bought a new position in Robert Half International in the 1st quarter worth $152,000. Finally, Daiwa Securities Group Inc. raised its holdings in Robert Half International by 16.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock worth $176,000 after purchasing an additional 500 shares during the period. 84.12% of the stock is currently owned by institutional investors.
RHI has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 target price on shares of Robert Half International in a report on Tuesday, July 11th. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, BidaskClub cut Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.86.
Shares of Robert Half International Inc. (NYSE:RHI) opened at 45.86 on Tuesday. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 17.78 and a beta of 1.24. Robert Half International Inc. has a 52 week low of $34.42 and a 52 week high of $50.98. The firm has a 50-day moving average price of $44.42 and a 200-day moving average price of $46.66.
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 analysts’ consensus estimates 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 firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Robert Half International Inc. will post $2.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.09%. Robert Half International’s dividend payout ratio (DPR) is presently 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.
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