HighPoint Advisor Group LLC Holds Stake in Robert Half International Inc. (RHI)

HighPoint Advisor Group LLC maintained its position in Robert Half International Inc. (NYSE:RHI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,550 shares of the business services provider’s stock at the end of the second quarter. HighPoint Advisor Group LLC owned about 0.07% of Robert Half International worth $1,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Seven Eight Capital LP boosted its holdings in Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,400 shares during the period. Van ECK Associates Corp boosted its holdings in Robert Half International by 6.4% in the 1st quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after acquiring an additional 148 shares during the period. Commonwealth Bank of Australia boosted its holdings in Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares during the period. Lazard Asset Management LLC purchased a new position in Robert Half International in the 1st quarter worth approximately $148,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Robert Half International in the 1st quarter worth approximately $152,000. Hedge funds and other institutional investors own 84.10% of the company’s stock.

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Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.21% during trading on Thursday, hitting $48.84. The company’s stock had a trading volume of 489,002 shares. The company has a market capitalization of $6.09 billion, a P/E ratio of 18.93 and a beta of 1.27. The firm’s 50 day moving average is $47.44 and its 200-day moving average is $46.79. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $51.76.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). The business 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 business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. Analysts forecast that Robert Half International Inc. will post $2.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 37.21%.

RHI has been the subject of a number of analyst reports. BMO Capital Markets restated a “hold” rating and issued a $45.00 price target on shares of Robert Half International in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. BidaskClub lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, ValuEngine raised Robert Half International from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.40.

Robert Half International Company Profile

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.

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

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