Credit Suisse AG Has $21.14 Million Position in Robert Half International Inc. (RHI)

Credit Suisse AG increased its stake in Robert Half International Inc. (NYSE:RHI) by 32.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,407 shares of the business services provider’s stock after purchasing an additional 73,464 shares during the quarter. Credit Suisse AG owned approximately 0.25% of Robert Half International worth $21,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Robert Half International by 8.1% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,754,251 shares of the business services provider’s stock worth $123,464,000 after purchasing an additional 132,097 shares in the last quarter. Swedbank purchased a new position in Robert Half International in the 3rd quarter worth about $99,177,000. Janus Henderson Group PLC increased its stake in Robert Half International by 32.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,382,612 shares of the business services provider’s stock worth $97,308,000 after purchasing an additional 337,202 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Robert Half International by 10.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,359,734 shares of the business services provider’s stock worth $88,519,000 after purchasing an additional 124,657 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Robert Half International by 20.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,317,128 shares of the business services provider’s stock worth $92,701,000 after purchasing an additional 220,845 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Thursday, October 25th. Credit Suisse Group assumed coverage on Robert Half International in a research note on Friday, August 10th. They set an “underperform” rating and a $57.00 target price on the stock. Barclays cut Robert Half International from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $72.00 to $58.00 in a research note on Monday, November 19th. JPMorgan Chase & Co. lowered their target price on Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. Finally, Nomura lifted their target price on Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.23.

NYSE:RHI opened at $61.83 on Monday. Robert Half International Inc. has a fifty-two week low of $51.35 and a fifty-two week high of $79.91. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.31.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Robert Half International Inc. will post 3.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $1.12 annualized dividend and a dividend yield of 1.81%. Robert Half International’s dividend payout ratio is 43.08%.

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

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