Great West Life Assurance Co. Can Reduces Holdings in Robert Half International Inc. (RHI)

Great West Life Assurance Co. Can cut its holdings in Robert Half International Inc. (NYSE:RHI) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,967 shares of the business services provider’s stock after selling 915 shares during the quarter. Great West Life Assurance Co. Can owned about 0.12% of Robert Half International worth $7,845,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JLB & Associates Inc. raised its holdings in Robert Half International by 0.5% during the 4th quarter. JLB & Associates Inc. now owns 41,859 shares of the business services provider’s stock worth $2,394,000 after buying an additional 220 shares during the period. Contravisory Investment Management Inc. raised its holdings in Robert Half International by 4.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 6,706 shares of the business services provider’s stock worth $384,000 after buying an additional 273 shares during the period. Daiwa Securities Group Inc. raised its holdings in Robert Half International by 7.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the business services provider’s stock worth $252,000 after buying an additional 300 shares during the period. Raymond James & Associates raised its holdings in Robert Half International by 0.3% during the 4th quarter. Raymond James & Associates now owns 139,146 shares of the business services provider’s stock worth $7,959,000 after buying an additional 366 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Robert Half International during the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.

Several analysts have issued reports on RHI shares. Bank of America downgraded Robert Half International from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Barclays downgraded Robert Half International from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $72.00 to $58.00 in a report on Monday, November 19th. SunTrust Banks boosted their price objective on Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday, January 30th. Finally, Nomura cut their price objective on Robert Half International to $80.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $70.20.

In other news, COO Paul F. Gentzkow sold 75,000 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $66.17, for a total value of $4,962,750.00. Following the transaction, the chief operating officer now owns 352,476 shares in the company, valued at approximately $23,323,336.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

Shares of RHI opened at $65.34 on Friday. The stock has a market capitalization of $7.81 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. Robert Half International Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $79.91.

Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. Sell-side analysts forecast that Robert Half International Inc. will post 4.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be issued a $0.31 dividend. This is an increase from Robert Half International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. Robert Half International’s dividend payout ratio is currently 34.35%.

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

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