Aviva PLC Raises Position in Robert Half International Inc. (RHI)

Aviva PLC increased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 42.4% in the third quarter, Holdings Channel reports. The fund owned 86,982 shares of the business services provider’s stock after purchasing an additional 25,888 shares during the period. Aviva PLC’s holdings in Robert Half International were worth $6,122,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Robert Half International by 4.7% during the third quarter. Dimensional Fund Advisors LP now owns 912,647 shares of the business services provider’s stock valued at $64,228,000 after purchasing an additional 41,234 shares during the last quarter. Virtu Financial LLC lifted its position in Robert Half International by 27.6% during the third quarter. Virtu Financial LLC now owns 11,063 shares of the business services provider’s stock valued at $779,000 after purchasing an additional 2,391 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Robert Half International by 175.6% during the third quarter. Panagora Asset Management Inc. now owns 557,992 shares of the business services provider’s stock valued at $39,271,000 after purchasing an additional 355,540 shares during the last quarter. FDx Advisors Inc. bought a new position in Robert Half International during the third quarter valued at $203,000. Finally, Pictet Asset Management Ltd. lifted its position in Robert Half International by 339.1% during the third quarter. Pictet Asset Management Ltd. now owns 284,352 shares of the business services provider’s stock valued at $20,013,000 after purchasing an additional 219,600 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Several equities analysts have commented on RHI shares. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Bank of America assumed coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 target price for the company. Barclays lowered shares of Robert Half International from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $72.00 to $58.00 in a report on Monday, November 19th. Nomura raised their target price on shares of Robert Half International from $80.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, BMO Capital Markets raised their target price on shares of Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $69.33.

Robert Half International stock opened at $59.24 on Friday. The stock has a market capitalization of $7.29 billion, a PE ratio of 22.78, a PEG ratio of 1.27 and a beta of 1.32. Robert Half International Inc. has a 12-month low of $51.35 and a 12-month high of $79.91.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, research analysts expect that Robert Half International Inc. will post 3.54 earnings per share for the current fiscal 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 paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, November 21st. Robert Half International’s dividend payout ratio is presently 43.08%.

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Robert Half International 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.

See Also: Risk Tolerance

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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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