USA Financial Portformulas Corp increased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 91.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,645 shares of the business services provider’s stock after buying an additional 5,578 shares during the quarter. USA Financial Portformulas Corp’s holdings in Robert Half International were worth $758,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in RHI. Millennium Management LLC boosted its holdings in Robert Half International by 1,706.0% in the first quarter. Millennium Management LLC now owns 248,941 shares of the business services provider’s stock valued at $14,411,000 after purchasing an additional 235,157 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Robert Half International by 39.6% in the second quarter. IFM Investors Pty Ltd now owns 6,665 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 1,892 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in Robert Half International in the second quarter valued at $225,000. JLB & Associates Inc. boosted its holdings in Robert Half International by 2.5% in the second quarter. JLB & Associates Inc. now owns 41,604 shares of the business services provider’s stock valued at $2,708,000 after purchasing an additional 996 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in Robert Half International in the second quarter valued at $573,000. 89.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the completion of the transaction, the executive vice president now owns 271,364 shares in the company, valued at approximately $21,030,710. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.
Shares of Robert Half International stock opened at $61.95 on Friday. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.26 and a beta of 1.16. Robert Half International Inc. has a fifty-two week low of $50.99 and a fifty-two week high of $79.91.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts expect that Robert Half International Inc. will post 3.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 1.81%. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
A number of brokerages have weighed in on RHI. Credit Suisse Group began coverage on shares of Robert Half International in a research report on Friday, August 10th. They issued an “underperform” rating and a $57.00 price objective for the company. Goldman Sachs Group downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $70.00 to $67.00 in a research report on Wednesday, September 5th. SunTrust Banks reiterated a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a research report on Wednesday, July 25th. Robert W. Baird upped their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.31.
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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