Robert Half International Inc. (RHI) Stake Increased by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC grew its holdings in Robert Half International Inc. (NYSE:RHI) by 76.1% in the first quarter, Holdings Channel reports. The institutional investor owned 155,924 shares of the business services provider’s stock after acquiring an additional 67,390 shares during the period. Freestone Capital Holdings LLC’s holdings in Robert Half International were worth $10,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RHI. Oregon Public Employees Retirement Fund lifted its position in shares of Robert Half International by 5,320.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock valued at $30,000 after buying an additional 1,679,961 shares during the last quarter. Norges Bank acquired a new stake in shares of Robert Half International in the fourth quarter valued at approximately $65,054,000. BlackRock Inc. increased its stake in shares of Robert Half International by 12.0% during the fourth quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock worth $564,035,000 after purchasing an additional 1,056,596 shares during the period. Vanguard Group Inc increased its stake in shares of Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after purchasing an additional 1,053,543 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its stake in shares of Robert Half International by 45.1% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,544,609 shares of the business services provider’s stock worth $145,551,000 after purchasing an additional 790,358 shares during the period. 95.15% of the stock is owned by institutional investors.

NYSE RHI opened at $56.55 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.70 and a current ratio of 1.70. Robert Half International Inc. has a twelve month low of $52.79 and a twelve month high of $79.91. The firm has a market cap of $6.76 billion, a P/E ratio of 15.66, a PEG ratio of 1.82 and a beta of 1.28.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). Robert Half International had a net margin of 7.63% and a return on equity of 40.97%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that Robert Half International Inc. will post 3.98 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is 34.35%.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada assumed coverage on Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating on the stock. Zacks Investment Research lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. BMO Capital Markets lowered their price objective on Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Finally, SunTrust Banks raised their price objective on Robert Half International to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.40.

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

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