Royal London Asset Management Ltd. Lowers Holdings in Robert Half International Inc. (RHI)

Royal London Asset Management Ltd. cut its position in Robert Half International Inc. (NYSE:RHI) by 7.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,539 shares of the business services provider’s stock after selling 4,014 shares during the period. Royal London Asset Management Ltd.’s holdings in Robert Half International were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAM Holding AG raised its stake in shares of Robert Half International by 3.0% in the second quarter. GAM Holding AG now owns 23,705 shares of the business services provider’s stock valued at $1,543,000 after buying an additional 690 shares during the period. Captrust Financial Advisors grew its position in shares of Robert Half International by 3.4% in the second quarter. Captrust Financial Advisors now owns 22,621 shares of the business services provider’s stock valued at $1,473,000 after purchasing an additional 737 shares in the last quarter. Raymond James & Associates grew its position in shares of Robert Half International by 0.6% in the second quarter. Raymond James & Associates now owns 144,372 shares of the business services provider’s stock valued at $9,399,000 after purchasing an additional 790 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Robert Half International by 4.5% in the third quarter. Meeder Asset Management Inc. now owns 18,916 shares of the business services provider’s stock valued at $1,332,000 after purchasing an additional 817 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of Robert Half International by 1.4% in the second quarter. Oppenheimer & Co. Inc. now owns 57,874 shares of the business services provider’s stock valued at $3,768,000 after purchasing an additional 827 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Robert Half International stock opened at $58.80 on Monday. Robert Half International Inc. has a 52 week low of $51.35 and a 52 week high of $79.91. The stock has a market cap of $7.14 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.31.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts predict that Robert Half International Inc. will post 3.54 EPS for the current year.

The firm 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 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, November 21st. Robert Half International’s payout ratio is 43.08%.

Several brokerages have recently weighed in on RHI. Credit Suisse Group began coverage on Robert Half International in a research report on Friday, August 10th. They issued an “underperform” rating and a $57.00 price target for the company. Goldman Sachs Group cut Robert Half International from a “neutral” rating to a “sell” rating and reduced their price target for the company from $70.00 to $67.00 in a research report on Wednesday, September 5th. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. JPMorgan Chase & Co. reduced their price target on Robert Half International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Finally, BMO Capital Markets lifted their price target on Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. Four analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $67.23.

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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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