Robert Half International Inc. (RHI) Position Reduced by Boston Partners

Boston Partners reduced its position in shares of Robert Half International Inc. (NYSE:RHI) by 4.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,228,057 shares of the business services provider’s stock after selling 301,415 shares during the period. Boston Partners owned approximately 4.90% of Robert Half International worth $298,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. First Citizens Bank & Trust Co. acquired a new position in Robert Half International during the first quarter worth approximately $3,084,000. Acadian Asset Management LLC boosted its position in Robert Half International by 534.4% in the first quarter. Acadian Asset Management LLC now owns 342,537 shares of the business services provider’s stock worth $16,723,000 after buying an additional 288,547 shares in the last quarter. Sigma Planning Corp acquired a new position in Robert Half International during the first quarter worth approximately $1,134,000. Nationwide Fund Advisors boosted its position in Robert Half International by 112.1% in the first quarter. Nationwide Fund Advisors now owns 77,307 shares of the business services provider’s stock worth $3,775,000 after buying an additional 40,853 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in Robert Half International by 30.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,793 shares of the business services provider’s stock worth $625,000 after buying an additional 2,981 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Shares of Robert Half International Inc. (NYSE:RHI) opened at 43.42 on Friday. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 16.83 and a beta of 1.23. The firm has a 50-day moving average price of $46.94 and a 200-day moving average price of $47.22. Robert Half International Inc. has a 12 month low of $34.42 and a 12 month high of $50.98.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. Equities analysts expect that Robert Half International Inc. will post $2.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.21%. Robert Half International’s dividend payout ratio (DPR) is presently 37.21%.

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A number of research firms recently commented on RHI. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 price objective on shares of Robert Half International in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BidaskClub cut Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.25.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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

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