Xact Kapitalforvaltning AB Has $1.57 Million Holdings in Robert Half International Inc. (RHI)

Xact Kapitalforvaltning AB raised its stake in Robert Half International Inc. (NYSE:RHI) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 28,305 shares of the business services provider’s stock after purchasing an additional 1,406 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Robert Half International were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Robert Half International by 11.1% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 177,877 shares of the business services provider’s stock worth $9,879,000 after acquiring an additional 17,744 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Robert Half International by 48.2% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,300 shares of the business services provider’s stock worth $461,000 after acquiring an additional 2,700 shares in the last quarter. Banco de Sabadell S.A acquired a new stake in shares of Robert Half International during the 4th quarter worth about $1,486,000. MetLife Investment Advisors LLC acquired a new stake in shares of Robert Half International during the 4th quarter worth about $2,154,000. Finally, Glenmede Trust Co. NA raised its position in shares of Robert Half International by 7,491.5% during the 4th quarter. Glenmede Trust Co. NA now owns 450,554 shares of the business services provider’s stock worth $25,022,000 after acquiring an additional 444,619 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors.

In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total transaction of $5,806,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael C. Buckley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $57.84, for a total value of $578,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 457,247 shares of company stock worth $25,936,679 in the last 90 days. 3.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on RHI shares. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Macquarie lowered Robert Half International from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $56.66 to $42.00 in a research report on Tuesday, December 5th. Deutsche Bank raised their target price on Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Royal Bank of Canada reissued a “hold” rating and set a $57.00 target price on shares of Robert Half International in a research report on Wednesday, December 27th. Finally, BMO Capital Markets raised their target price on Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, December 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.80.

NYSE:RHI opened at $57.89 on Friday. The company has a market cap of $7,193.50, a P/E ratio of 22.27 and a beta of 1.22. Robert Half International Inc. has a 52-week low of $42.92 and a 52-week high of $60.59.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. analysts expect that Robert Half International Inc. will post 3.23 earnings per share for the current fiscal year.

Robert Half International declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 13th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, February 22nd. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.

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Robert Half International Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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

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