Man Group plc boosted its position in shares of Robert Half International Inc. (NYSE:RHI) by 19.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 573,647 shares of the business services provider’s stock after buying an additional 93,033 shares during the quarter. Man Group plc’s holdings in Robert Half International were worth $36,226,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Diversified Trust Co acquired a new stake in shares of Robert Half International during the fourth quarter valued at about $253,000. Stifel Financial Corp increased its position in shares of Robert Half International by 15.8% during the third quarter. Stifel Financial Corp now owns 74,480 shares of the business services provider’s stock valued at $4,147,000 after acquiring an additional 10,164 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Robert Half International by 108.6% during the third quarter. Squarepoint Ops LLC now owns 369,915 shares of the business services provider’s stock valued at $20,589,000 after acquiring an additional 192,604 shares during the last quarter. DNB Asset Management AS increased its position in shares of Robert Half International by 142.9% during the fourth quarter. DNB Asset Management AS now owns 55,075 shares of the business services provider’s stock valued at $3,478,000 after acquiring an additional 32,400 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Robert Half International during the third quarter valued at about $1,999,000. Institutional investors and hedge funds own 93.88% of the company’s stock.
Shares of RHI stock opened at $39.87 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $4.51 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39. The company has a 50 day moving average price of $51.01 and a 200 day moving average price of $56.72. Robert Half International Inc. has a fifty-two week low of $32.38 and a fifty-two week high of $69.08.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Thursday, January 30th. The business services provider reported $0.98 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.98. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Robert Half International had a net margin of 7.48% and a return on equity of 40.92%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.95 earnings per share. On average, research analysts forecast that Robert Half International Inc. will post 4.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Tuesday, February 25th were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.41%. This is a boost from Robert Half International’s previous quarterly dividend of $0.31. Robert Half International’s payout ratio is 34.87%.
A number of equities research analysts have weighed in on the stock. Credit Suisse Group reiterated a “sell” rating and set a $53.00 price target on shares of Robert Half International in a research report on Sunday, February 2nd. Barclays lifted their price target on shares of Robert Half International from $55.00 to $64.00 and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Jefferies Financial Group assumed coverage on shares of Robert Half International in a research report on Wednesday, November 27th. They set an “underperform” rating and a $50.00 price target for the company. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating and set a $63.00 price target for the company. in a research report on Monday, February 3rd. Finally, Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $62.63.
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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