Xact Kapitalforvaltning AB raised its position in Robert Half International Inc. (NYSE:RHI) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,899 shares of the business services provider’s stock after buying an additional 1,089 shares during the period. Xact Kapitalforvaltning AB’s holdings in Robert Half International were worth $1,289,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Robert Half International by 6.4% in the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after buying an additional 148 shares during the period. TrimTabs Asset Management LLC raised its position in Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,328 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Robert Half International during the first quarter valued at about $148,000. Ameritas Investment Partners Inc. purchased a new position in Robert Half International during the first quarter valued at about $152,000. Finally, Daiwa Securities Group Inc. raised its position in Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares in the last quarter. 86.50% of the stock is owned by institutional investors.
Shares of Robert Half International Inc. (NYSE RHI) traded down 0.02% during midday trading on Friday, hitting $43.41. 493,233 shares of the stock were exchanged. The stock has a 50 day moving average price of $46.82 and a 200-day moving average price of $47.18. Robert Half International Inc. has a 12 month low of $34.42 and a 12 month high of $50.98. The company has a market cap of $5.41 billion, a PE ratio of 16.83 and a beta of 1.23.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 was down 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 EPS. On average, analysts predict that Robert Half International Inc. will post $2.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, August 23rd. Robert Half International’s payout ratio is 37.21%.
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RHI has been the topic of several analyst reports. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price target on shares of Robert Half International in a report on Friday, April 21st. BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Finally, ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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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