SG Americas Securities LLC Acquires 35,331 Shares of Robert Half International Inc. (NYSE:RHI)

SG Americas Securities LLC grew its stake in shares of Robert Half International Inc. (NYSE:RHI) by 128.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,737 shares of the business services provider’s stock after purchasing an additional 35,331 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Robert Half International worth $3,158,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. APG Asset Management N.V. increased its holdings in Robert Half International by 31.3% during the third quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock valued at $98,395,000 after buying an additional 466,400 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Robert Half International by 8.7% in the second quarter. Legal & General Group Plc now owns 705,577 shares of the business services provider’s stock worth $33,819,000 after purchasing an additional 56,578 shares in the last quarter. Todd Asset Management LLC increased its stake in shares of Robert Half International by 2.3% in the second quarter. Todd Asset Management LLC now owns 298,283 shares of the business services provider’s stock worth $14,297,000 after purchasing an additional 6,581 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Robert Half International by 0.5% in the second quarter. Principal Financial Group Inc. now owns 1,328,705 shares of the business services provider’s stock worth $63,685,000 after purchasing an additional 6,176 shares in the last quarter. Finally, Cardinal Capital Management boosted its position in shares of Robert Half International by 12.6% during the third quarter. Cardinal Capital Management now owns 25,064 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 2,797 shares during the last quarter. 85.33% of the stock is currently owned by institutional investors and hedge funds.

Robert Half International Inc. (NYSE:RHI) traded up $0.45 during trading hours on Thursday, hitting $53.53. 1,306,541 shares of the stock were exchanged, compared to its average volume of 1,064,676. Robert Half International Inc. has a twelve month low of $42.92 and a twelve month high of $57.67. The company has a market cap of $6,730.00, a PE ratio of 20.90 and a beta of 1.32.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. sell-side analysts predict that Robert Half International Inc. will post 2.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 37.50%.

A number of equities analysts recently weighed in on the stock. Macquarie lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $56.66 to $42.00 in a research report on Tuesday. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their target price on shares of Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group raised their price target on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Robert Half International currently has a consensus rating of “Hold” and a consensus target price of $50.78.

In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction that occurred on 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 owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

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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.

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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