Janus Henderson Group PLC cut its stake in Robert Half International Inc. (NYSE:RHI) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 769,209 shares of the business services provider’s stock after selling 151,863 shares during the period. Janus Henderson Group PLC owned about 0.61% of Robert Half International worth $38,722,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,600 shares during the last quarter. Seven Eight Capital LP grew its holdings in shares of Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after purchasing an additional 114 shares during the last quarter. Bremer Trust National Association bought a new position in shares of Robert Half International in the third quarter worth about $205,000. Finally, Smithfield Trust Co. purchased a new stake in Robert Half International in the third quarter worth about $206,000. Hedge funds and other institutional investors own 85.12% of the company’s stock.
In related news, insider Robert W. Glass sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. analysts anticipate that Robert Half International Inc. will post 2.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Wednesday, November 22nd. Robert Half International’s payout ratio is 37.65%.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Robert Half International in a research note on Friday, October 13th. Macquarie lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $56.66 to $42.00 in a research note on Tuesday, December 5th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.78.
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Robert Half International 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.
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