Virginia Retirement Systems ET AL reduced its stake in shares of Robert Half International Inc. (NYSE:RHI) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 307,300 shares of the business services provider’s stock after selling 26,500 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.25% of Robert Half International worth $21,628,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. NEXT Financial Group Inc acquired a new stake in Robert Half International in the third quarter valued at approximately $106,000. Parallel Advisors LLC lifted its stake in shares of Robert Half International by 1,113.6% in the third quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $157,000 after buying an additional 2,049 shares during the last quarter. Squar Milner Financial Services LLC acquired a new stake in shares of Robert Half International in the third quarter worth $171,000. Intact Investment Management Inc. acquired a new stake in shares of Robert Half International in the third quarter worth $204,000. Finally, Cleararc Capital Inc. acquired a new stake in shares of Robert Half International in the second quarter worth $205,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
RHI has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Robert Half International from $66.00 to $72.00 and gave the stock a “$68.51” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Thursday, October 25th. Nomura boosted their price objective on shares of Robert Half International from $80.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Bank of America initiated coverage on shares of Robert Half International in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective for the company. Finally, SunTrust Banks restated a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a research note on Wednesday, July 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $68.31.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Robert Half International’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Robert Half International Inc. will post 3.54 EPS for the current fiscal year.
The business also recently announced 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, November 21st. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.
In related news, EVP Robert W. Glass sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the transaction, the executive vice president now owns 271,364 shares of the company’s stock, valued at $21,030,710. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.
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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.
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