Stifel Financial Corp cut its stake in shares of Robert Half International Inc. (NYSE:RHI) by 19.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,193 shares of the business services provider’s stock after selling 28,675 shares during the quarter. Stifel Financial Corp owned 0.10% of Robert Half International worth $6,154,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Financial Counselors Inc. lifted its holdings in shares of Robert Half International by 0.4% during the second quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock worth $405,000 after purchasing an additional 35 shares during the period. Empirical Finance LLC lifted its holdings in Robert Half International by 0.3% in the second quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock valued at $1,060,000 after acquiring an additional 73 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Robert Half International by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 110 shares during the period. Commonwealth Bank of Australia lifted its holdings in 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 valued at $130,000 after acquiring an additional 114 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its holdings in Robert Half International by 0.7% in the second quarter. Zurich Insurance Group Ltd FI now owns 18,300 shares of the business services provider’s stock valued at $877,000 after acquiring an additional 133 shares during the period. 85.34% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Robert W. Glass sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was 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 owns 321,428 shares in the company, valued at $17,656,040.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
A number of equities research analysts have commented on RHI shares. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Credit Suisse Group raised their target price on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. SunTrust Banks downgraded Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Wednesday, October 11th. BidaskClub raised Robert Half International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Nomura raised their target price on Robert Half International from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $50.78.
Shares of Robert Half International Inc. (NYSE RHI) traded down $0.13 during mid-day trading on Friday, hitting $54.22. The stock had a trading volume of 875,000 shares, compared to its average volume of 1,059,466. Robert Half International Inc. has a twelve month low of $42.92 and a twelve month high of $57.67. The stock has a market capitalization of $6,812.76, a PE ratio of 21.31 and a beta of 1.32.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. equities analysts expect that Robert Half International Inc. will post 2.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half International’s dividend payout ratio is currently 37.65%.
Robert Half International Company 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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