Northern Trust Corp trimmed its holdings in Robert Half International Inc. (NYSE:RHI) by 5.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,095,505 shares of the business services provider’s stock after selling 125,256 shares during the quarter. Northern Trust Corp owned about 1.78% of Robert Half International worth $119,465,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Robert Half International by 4.6% in the first quarter. BlackRock Inc. now owns 10,311,422 shares of the business services provider’s stock valued at $671,892,000 after purchasing an additional 450,686 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Robert Half International by 11.3% in the first quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock valued at $434,804,000 after purchasing an additional 676,123 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in Robert Half International by 0.6% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,560,299 shares of the business services provider’s stock valued at $166,829,000 after purchasing an additional 15,690 shares in the last quarter. AJO LP boosted its holdings in Robert Half International by 32.8% in the first quarter. AJO LP now owns 2,272,322 shares of the business services provider’s stock valued at $148,065,000 after purchasing an additional 561,556 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Robert Half International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,194,121 shares of the business services provider’s stock valued at $125,344,000 after purchasing an additional 27,335 shares in the last quarter. 95.34% of the stock is owned by hedge funds and other institutional investors.
RHI has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a report on Wednesday, July 24th. Nomura increased their price objective on Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective for the company. in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $68.86.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Robert Half International had a return on equity of 41.46% and a net margin of 7.64%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. As a group, equities analysts predict that Robert Half International Inc. will post 3.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, August 22nd. Robert Half International’s payout ratio is currently 34.35%.
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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