Riverhead Capital Management LLC Decreases Stake in Robert Half International Inc. (RHI)

Riverhead Capital Management LLC reduced its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 5.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,948 shares of the business services provider’s stock after selling 15,330 shares during the quarter. Robert Half International makes up approximately 0.7% of Riverhead Capital Management LLC’s holdings, making the stock its 13th biggest position. Riverhead Capital Management LLC’s holdings in Robert Half International were worth $20,125,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RHI. Swedbank bought a new position in shares of Robert Half International during the 3rd quarter worth approximately $99,177,000. Argent Capital Management LLC bought a new position in shares of Robert Half International in the second quarter valued at $49,785,000. Morgan Stanley grew its stake in shares of Robert Half International by 199.6% in the second quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after buying an additional 756,618 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Robert Half International in the third quarter valued at $33,653,000. Finally, American Century Companies Inc. grew its stake in shares of Robert Half International by 93.6% in the second quarter. American Century Companies Inc. now owns 959,800 shares of the business services provider’s stock valued at $62,483,000 after buying an additional 464,138 shares in the last quarter. 92.26% of the stock is owned by institutional investors.

RHI stock traded down $0.06 during midday trading on Tuesday, reaching $62.81. 3,140 shares of the company were exchanged, compared to its average volume of 1,202,051. Robert Half International Inc. has a one year low of $51.35 and a one year high of $79.91. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Research analysts expect that Robert Half International Inc. will post 3.54 EPS for the current fiscal year.

The company also recently announced 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, November 21st. Robert Half International’s dividend payout ratio is currently 43.08%.

Several research firms recently weighed in on RHI. Credit Suisse Group started coverage on shares of Robert Half International in a research note on Friday, August 10th. They issued an “underperform” rating and a $57.00 target price for the company. Goldman Sachs Group cut shares of Robert Half International from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $70.00 to $67.00 in a research report on Wednesday, September 5th. Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Nomura lifted their price objective on shares of Robert Half International from $80.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, Bank of America started coverage on shares of Robert Half International in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.23.

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Robert Half International 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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