California State Teachers Retirement System increased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,808 shares of the business services provider’s stock after purchasing an additional 2,814 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Robert Half International worth $12,457,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Usca Ria LLC acquired a new position in Robert Half International during the 3rd quarter worth $25,000. Quest Capital Management Inc. ADV acquired a new stake in shares of Robert Half International in the 3rd quarter valued at $27,000. North Star Investment Management Corp. bought a new stake in shares of Robert Half International during the third quarter worth $33,000. CSat Investment Advisory L.P. raised its position in shares of Robert Half International by 79.1% during the second quarter. CSat Investment Advisory L.P. now owns 1,037 shares of the business services provider’s stock worth $60,000 after acquiring an additional 458 shares during the last quarter. Finally, NEXT Financial Group Inc bought a new stake in shares of Robert Half International during the second quarter worth $86,000. 95.02% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on RHI shares. Jefferies Financial Group started coverage on Robert Half International in a report on Wednesday, November 27th. They issued an “underperform” rating and a $50.00 price target on the stock. Royal Bank of Canada set a $65.00 price objective on Robert Half International and gave the stock a “hold” rating in a research report on Friday, October 25th. William Blair reissued a “market perform” rating on shares of Robert Half International in a report on Friday, September 20th. CL King began coverage on shares of Robert Half International in a research report on Monday, October 28th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Barclays reaffirmed a “sell” rating and issued a $55.00 target price on shares of Robert Half International in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $63.13.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Robert Half International had a return on equity of 41.71% and a net margin of 7.56%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Robert Half International Inc. will post 3.91 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.31 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.16%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.
About Robert Half International
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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