State Board of Administration of Florida Retirement System lessened its position in shares of Robert Half International Inc. (NYSE:RHI) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,139 shares of the business services provider’s stock after selling 5,310 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Robert Half International were worth $11,868,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Creative Planning raised its stake in shares of Robert Half International by 6.2% during the 1st quarter. Creative Planning now owns 4,206 shares of the business services provider’s stock worth $274,000 after acquiring an additional 244 shares in the last quarter. Advisor Partners LLC increased its stake in Robert Half International by 5.6% during the 1st quarter. Advisor Partners LLC now owns 4,735 shares of the business services provider’s stock valued at $309,000 after purchasing an additional 249 shares in the last quarter. CSat Investment Advisory L.P. increased its stake in Robert Half International by 91.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 617 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 294 shares in the last quarter. Daiwa Securities Group Inc. increased its stake 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 valued at $252,000 after purchasing an additional 300 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Robert Half International by 1.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,060 shares of the business services provider’s stock valued at $1,112,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.
A number of research analysts have issued reports on RHI shares. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. SunTrust Banks upped their price target on shares of Robert Half International to $70.00 and gave the company a “hold” rating in a research note on Wednesday, January 30th. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Royal Bank of Canada started coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating on the stock. Finally, BMO Capital Markets cut their price target on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $69.40.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.02). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Robert Half International had a net margin of 7.63% and a return on equity of 40.97%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, research analysts expect that Robert Half International Inc. will post 3.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Thursday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 34.35%.
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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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