Jane Street Group LLC Purchases New Stake in Robert Half International Inc. (RHI)

Jane Street Group LLC purchased a new stake in Robert Half International Inc. (NYSE:RHI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,395 shares of the business services provider’s stock, valued at approximately $1,027,000.

A number of other hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Robert Half International by 4,051.8% in the 2nd quarter. Janus Henderson Group PLC now owns 921,072 shares of the business services provider’s stock valued at $44,147,000 after acquiring an additional 898,887 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Robert Half International by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock valued at $653,391,000 after acquiring an additional 758,834 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Robert Half International by 42.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock valued at $88,788,000 after acquiring an additional 548,507 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Robert Half International by 153.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 888,822 shares of the business services provider’s stock valued at $42,601,000 after acquiring an additional 538,557 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Robert Half International in the 3rd quarter valued at about $24,741,000. 85.34% of the stock is currently owned by institutional investors.

In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The transaction 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 the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total value of $274,650.00. Following the sale, the insider now directly owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Robert Half International Inc. (NYSE:RHI) traded down $0.20 during trading hours on Wednesday, reaching $54.36. The company had a trading volume of 678,700 shares, compared to its average volume of 1,061,606. The stock has a market cap of $6,910.00, a P/E ratio of 21.40 and a beta of 1.32. Robert Half International Inc. has a 12-month low of $42.92 and a 12-month high of $57.67.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. research analysts expect that Robert Half International Inc. will post 2.58 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. Robert Half International’s dividend payout ratio is presently 37.50%.

A number of research analysts have recently commented on the company. BMO Capital Markets reiterated a “hold” rating and issued a $49.00 price objective on shares of Robert Half International in a report on Friday, October 13th. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Macquarie downgraded Robert Half International from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. BidaskClub upgraded Robert Half International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Robert Half International in a report on Friday, October 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Robert Half International has an average rating of “Hold” and a consensus price target of $50.78.

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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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