Virtu Financial LLC raised its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,063 shares of the business services provider’s stock after acquiring an additional 2,391 shares during the quarter. Virtu Financial LLC’s holdings in Robert Half International were worth $779,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Swedbank bought a new stake in shares of Robert Half International in the third quarter worth about $99,177,000. Argent Capital Management LLC purchased a new position in shares of Robert Half International during the second quarter valued at approximately $49,785,000. Morgan Stanley boosted its position in shares of Robert Half International by 199.6% during the second quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after buying an additional 756,618 shares during the period. Wedge Capital Management L L P NC purchased a new position in shares of Robert Half International during the third quarter valued at approximately $33,653,000. Finally, American Century Companies Inc. boosted its position in shares of Robert Half International by 93.6% during the second quarter. American Century Companies Inc. now owns 959,800 shares of the business services provider’s stock valued at $62,483,000 after buying an additional 464,138 shares during the period. 92.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE:RHI opened at $60.00 on Wednesday. The company has a market cap of $7.51 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.33 and a beta of 1.32. Robert Half International Inc. has a fifty-two week low of $51.35 and a fifty-two week high of $79.91.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. As a group, analysts expect that Robert Half International Inc. will post 3.54 earnings per share for the current fiscal year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.87%. Robert Half International’s payout ratio is currently 43.08%.
Several analysts have recently weighed in on RHI shares. Goldman Sachs Group downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating and decreased their price target for the company from $70.00 to $67.00 in a research note on Wednesday, September 5th. Credit Suisse Group initiated coverage on Robert Half International in a research report on Friday, August 10th. They set an “underperform” rating and a $57.00 price target on the stock. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Barclays lowered shares of Robert Half International from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $72.00 to $58.00 in a report on Monday, November 19th. Finally, Nomura upped their price target on shares of Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and a consensus target price of $67.23.
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Robert Half International Company Profile
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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