Guggenheim Capital LLC decreased its position in shares of Robert Half International (NYSE:RHI) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 903,686 shares of the business services provider’s stock after selling 127,928 shares during the period. Guggenheim Capital LLC owned about 0.72% of Robert Half International worth $50,190,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in RHI. Fuller & Thaler Asset Management Inc. increased its position in shares of 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 purchasing an additional 1,600 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Robert Half International in the 4th quarter worth about $101,000. Assetmark Inc. increased its position in shares of 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 purchasing an additional 1,915 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Robert Half International in the 4th quarter worth about $138,000. Finally, James Hambro & Partners bought a new stake in shares of Robert Half International in the 4th quarter worth about $164,000. 85.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE RHI traded down $2.08 during midday trading on Friday, hitting $57.15. The company’s stock had a trading volume of 987,895 shares, compared to its average volume of 1,149,775. Robert Half International has a 1-year low of $42.92 and a 1-year high of $60.59. The firm has a market capitalization of $7,101.57, a PE ratio of 21.98 and a beta of 1.18.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts expect that Robert Half International will post 3.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a dividend yield of 1.96%. Robert Half International’s payout ratio is 43.08%.
Robert Half International declared that its board has initiated a share repurchase plan on Tuesday, February 13th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently weighed in on RHI shares. Deutsche Bank boosted their target price on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Royal Bank of Canada reissued a “hold” rating and issued a $57.00 target price on shares of Robert Half International in a research report on Wednesday, December 27th. Goldman Sachs started coverage on shares of Robert Half International in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $63.00 target price for the company. BMO Capital Markets boosted their target price on shares of Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, December 29th. Finally, Robert W. Baird reissued a “buy” rating and issued a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.20.
In other Robert Half International news, insider Michael C. Buckley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.84, for a total transaction of $578,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Paul F. Gentzkow sold 205,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $56.31, for a total transaction of $11,543,550.00. Following the transaction, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at $28,139,965.23. The disclosure for this sale can be found here. Insiders sold a total of 457,247 shares of company stock valued at $25,936,679 over the last ninety days. Company insiders own 3.40% of the company’s stock.
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About Robert Half International
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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