Cambridge Investment Research Advisors Inc. trimmed its stake in Robert Half International Inc. (NYSE:RHI) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,633 shares of the business services provider’s stock after selling 307 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Robert Half International were worth $563,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Robert Half International by 5,320.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 1,679,961 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Robert Half International during the 4th quarter valued at about $30,000. Alpha Quant Advisors LLC boosted its position in shares of Robert Half International by 125.9% during the 1st quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 282 shares in the last quarter. CSat Investment Advisory L.P. boosted its position in shares of 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 acquiring an additional 294 shares in the last quarter. Finally, WP Advisors LLC acquired a new stake in shares of Robert Half International during the 1st quarter valued at about $47,000. Institutional investors own 97.25% of the company’s stock.
RHI opened at $55.48 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.19. The company has a market cap of $6.38 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.33. Robert Half International Inc. has a fifty-two week low of $52.79 and a fifty-two week high of $79.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is 34.35%.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada initiated coverage on shares of Robert Half International in a report on Tuesday, April 16th. They set a “sector perform” rating for the company. 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 for the company in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $69.40.
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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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