SG Americas Securities LLC grew its stake in shares of Robert Half International Inc. (NYSE:RHI) by 128.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,737 shares of the business services provider’s stock after acquiring an additional 35,331 shares during the period. SG Americas Securities LLC owned about 0.05% of Robert Half International worth $3,158,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in RHI. Seven Eight Capital LP grew its holdings in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares in the last quarter. Globeflex Capital L P acquired a new position in Robert Half International during the 2nd quarter worth $197,000. Hikari Power Ltd acquired a new position in Robert Half International during the 2nd quarter worth $204,000. Finally, Bremer Trust National Association acquired a new position in Robert Half International during the 3rd quarter worth $205,000. 84.17% of the stock is owned by institutional investors.
In other Robert Half International news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the sale, the insider now directly owns 321,428 shares in the company, valued at approximately $17,656,040.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Shares of Robert Half International Inc. (NYSE:RHI) opened at $55.11 on Wednesday. The firm has a market cap of $6,881.70, a PE ratio of 21.53 and a beta of 1.29. Robert Half International Inc. has a 52-week low of $42.92 and a 52-week high of $55.22.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. sell-side analysts expect that Robert Half International Inc. will post 2.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.74%. Robert Half International’s dividend payout ratio (DPR) is 37.65%.
Several research analysts have recently commented on the stock. BidaskClub lowered shares of Robert Half International from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price target on shares of Robert Half International in a report on Friday, October 13th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Robert W. Baird lifted their price target on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.88.
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Robert Half International 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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