Legal & General Group Plc cut its stake in Robert Half International Inc. (NYSE:RHI) by 5.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 698,761 shares of the business services provider’s stock after selling 37,367 shares during the quarter. Legal & General Group Plc’s holdings in Robert Half International were worth $40,451,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Boston Partners lifted its stake in Robert Half International by 1.7% in the 1st quarter. Boston Partners now owns 5,014,821 shares of the business services provider’s stock valued at $290,308,000 after buying an additional 84,989 shares in the last quarter. Fiduciary Management Inc. WI lifted its stake in Robert Half International by 1.5% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,109,423 shares of the business services provider’s stock valued at $122,114,000 after buying an additional 32,165 shares in the last quarter. Geode Capital Management LLC lifted its stake in Robert Half International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,934,185 shares of the business services provider’s stock valued at $107,277,000 after buying an additional 42,558 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Robert Half International by 8.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,651,938 shares of the business services provider’s stock valued at $91,749,000 after buying an additional 121,785 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its stake in Robert Half International by 361.4% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,375,033 shares of the business services provider’s stock valued at $79,600,000 after buying an additional 1,077,023 shares in the last quarter. 87.55% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have commented on RHI. BMO Capital Markets reiterated a “hold” rating and issued a $59.00 price objective on shares of Robert Half International in a report on Thursday, April 19th. Zacks Investment Research upgraded shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Thursday, April 26th. Goldman Sachs Group began coverage on shares of Robert Half International in a report on Tuesday, March 27th. They issued a “neutral” rating and a $63.00 price objective for the company. Barclays upgraded shares of Robert Half International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $62.00 to $66.00 in a report on Tuesday, April 3rd. Finally, Robert W. Baird increased their price objective on shares of Robert Half International from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Robert Half International currently has an average rating of “Hold” and a consensus price target of $59.55.
RHI stock opened at $65.10 on Friday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 25.04 and a beta of 1.20. Robert Half International Inc. has a 12 month low of $42.92 and a 12 month high of $70.35.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, April 24th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.06. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half International had a net margin of 5.73% and a return on equity of 30.88%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. equities research analysts expect that Robert Half International Inc. will post 3.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, May 25th were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, May 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.72%. Robert Half International’s dividend payout ratio is currently 43.08%.
In other news, Director Frederick A. Richman sold 3,964 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $62.74, for a total transaction of $248,701.36. Following the completion of the sale, the director now owns 40,352 shares in the company, valued at approximately $2,531,684.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael C. Buckley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $63.00, for a total transaction of $630,000.00. Following the sale, the insider now owns 148,892 shares of the company’s stock, valued at approximately $9,380,196. The disclosure for this sale can be found here. Insiders have sold a total of 213,964 shares of company stock valued at $13,052,701 in the last 90 days. Insiders own 3.00% of the company’s stock.
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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