Hartford Investment Management Co. reduced its position in Robert Half International Inc. (NYSE:RHI – Get Rating ) by 8.5% during the first quarter, Holdings Channel.com reports. The firm owned 10,433 shares of the business services provider’s stock after selling 975 shares during the quarter. Hartford Investment Management Co.’s holdings. in Robert Half International were worth $1,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Robert Half International by 190.4% in the third quarter. Wellington Management Group LLP now owns 15,178 shares of the business services provider’s stock valued at $1,523,000 after purchasing an additional 9,952 shares during the last quarter. American International Group Inc. raised its stake in shares of Robert Half International by 0.5% in the fourth quarter. American International Group Inc. now owns 34,397 shares of the business services provider’s stock valued at $3,836,000 after purchasing an additional 163 shares during the period. Advisor Partners LLC boosted its stake in shares of Robert Half International by 3.0% during the fourth quarter. Advisor Partners LLC now owns 3,749 shares of the business services provider’s stock valued at $419,000 after buying an additional 109 shares during the period. JustInvest LLC boosted its stake in shares of Robert Half International by 71.1% in the fourth quarter. JustInvest LLC now owns 8,415 shares of the business services provider’s stock valued at $938,000 after purchasing an additional 3,497 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Robert Half International by 3.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 114,064 shares of the business services provider’s stock valued at $12,720,000 after purchasing an additional 4,279 shares during the period. 86.40% of the shares are owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on RHI. BMO Capital Markets downgraded Robert Half International from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $125.00 to $80.00 in a research note on Thursday, May 26th. Bank of America downgraded Robert Half International from a “buy” rating to an “underperform” rating and cut their target price for the company from $133.00 to $67.00 in a research note on Thursday, June 23rd. StockNews.com cut Robert Half International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 28th. Finally, CL King upped their target price on Robert Half International from $128.00 to $132.00 in a research report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $106.40, according to MarketBeat.com.
Shares of Robert Half International stock opened at $75.40 on Tuesday. Robert Half International Inc. has a one year low of $73.10 and a one year high of $125.77. The stock’s 50-day moving average is $88.80 and its 200-day moving average is $105.23. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.44 and a beta of 1.49.
Robert Half International (NYSE:RHI – Get Rating) last announced its earnings results on Tuesday, April 26th. The business services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.47 by $0.05. The company had revenue of $1.81 billion for the quarter, compared to analysts’ estimates of $1.80 billion. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. In the same quarter last year, the company earned $0.98 EPS. On average, analysts predict that Robert Half International Inc. will post 6.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th were given a $0.43 dividend. The ex-dividend date was Tuesday, May 24th. This represents a $1.72 annual dividend and a yield of 2.28%. Robert Half International’s payout ratio is currently 29.20%.
In other Robert Half International news, CEO Paul F. Gentzkow sold 50,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $92.87, for a total value of $4,643,500.00. Following the transaction, the chief executive officer now owns 275,751 shares in the company, valued at $25,608,995.37. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. 2.80% of shares are currently owned by corporate insiders.
About Robert Half International (Get Rating)
Robert Half International Inc provides staff and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates in three segments: temporary and consulting staff, permanent staff and risk consulting and internal audit services. Provides temporary accounting, finance and bookkeeping services; temporary and permanent office and administrative staff consisting of executive and administrative assistants, receptionists and customer service representatives; full-time accounting, finance, tax and accounting operations staff; and IT contract professionals and full-time employees in the field of platform systems integration to end-user technical and desktop support, including application development, network and cloud specialists, system integration and implementation, design and base administration data as well as security and business continuity.
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