Guggenheim Capital LLC decreased its position in Robert Half International Inc. (NYSE:RHI) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 903,686 shares of the business services provider’s stock after selling 127,928 shares during the period. Guggenheim Capital LLC owned approximately 0.72% of Robert Half International worth $50,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its stake in Robert Half International by 405.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,600 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Robert Half International in the 4th quarter worth $101,000. Assetmark Inc. raised its stake in Robert Half International by 47,875.0% in the 4th quarter. Assetmark Inc. now owns 1,919 shares of the business services provider’s stock worth $107,000 after acquiring an additional 1,915 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Robert Half International in the 4th quarter worth $138,000. Finally, James Hambro & Partners purchased a new position in Robert Half International in the 4th quarter worth $164,000. Institutional investors own 85.40% of the company’s stock.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total transaction of $5,806,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Paul F. Gentzkow sold 130,247 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.31, for a total value of $7,334,208.57. Following the sale, the chief operating officer now owns 499,733 shares in the company, valued at $28,139,965.23. The disclosure for this sale can be found here. Insiders have sold a total of 457,247 shares of company stock worth $25,936,679 over the last ninety days. 3.40% of the stock is owned by insiders.
Shares of Robert Half International Inc. (NYSE:RHI) opened at $59.44 on Friday. The firm has a market capitalization of $7,296.64, a PE ratio of 22.67 and a beta of 1.22. Robert Half International Inc. has a 12-month low of $42.92 and a 12-month high of $60.59.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. research analysts predict that Robert Half International Inc. will post 3.23 EPS for the current year.
Robert Half International announced that its board has approved a share buyback plan on Tuesday, February 13th that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.28 per share. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half International’s dividend payout ratio (DPR) is currently 48.28%.
A number of equities analysts recently issued reports on the company. Barclays raised their target price on Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Robert W. Baird restated a “buy” rating and issued a $67.00 target price on shares of Robert Half International in a research note on Wednesday, January 31st. Royal Bank of Canada raised their target price on Robert Half International to $62.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. SunTrust Banks raised their target price on Robert Half International to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Finally, ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Robert Half International presently has a consensus rating of “Hold” and an average price target of $57.22.
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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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