Macquarie Group Ltd. Reduces Holdings in Robert Half International (RHI)

Macquarie Group Ltd. reduced its position in shares of Robert Half International (NYSE:RHI) by 56.0% in the 4th quarter, Holdings Channel reports. The firm owned 8,000 shares of the business services provider’s stock after selling 10,200 shares during the period. Macquarie Group Ltd.’s holdings in Robert Half International were worth $432,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. lifted its position in shares of Robert Half International by 0.3% during the 4th quarter. Capital Fund Management S.A. now owns 345,296 shares of the business services provider’s stock worth $19,178,000 after purchasing an additional 986 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Robert Half International by 11.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 10,128 shares of the business services provider’s stock worth $510,000 after purchasing an additional 1,070 shares during the last quarter. Amalgamated Bank lifted its position in shares of Robert Half International by 5.1% during the 4th quarter. Amalgamated Bank now owns 26,645 shares of the business services provider’s stock worth $1,480,000 after purchasing an additional 1,297 shares during the last quarter. Fort L.P. lifted its position in shares of Robert Half International by 15.7% during the 4th quarter. Fort L.P. now owns 9,572 shares of the business services provider’s stock worth $532,000 after purchasing an additional 1,301 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its position in shares of Robert Half International by 12.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 14,733 shares of the business services provider’s stock worth $741,000 after purchasing an additional 1,677 shares during the last quarter. 85.48% of the stock is owned by institutional investors and hedge funds.

Shares of RHI opened at $58.26 on Thursday. Robert Half International has a 1-year low of $42.92 and a 1-year high of $60.59. The firm has a market capitalization of $7,203.44, a P/E ratio of 22.41 and a beta of 1.18.



Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.61 earnings per share. Robert Half International’s quarterly revenue was up 6.4% compared to the same quarter last year. equities analysts predict that Robert Half International will post 3.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were given a $0.28 dividend. The ex-dividend date was Thursday, February 22nd. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a yield of 1.92%. Robert Half International’s payout ratio is 43.08%.

Robert Half International declared that its board has approved a share repurchase plan on Tuesday, February 13th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

RHI has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $67.00 price objective on shares of Robert Half International in a research report on Wednesday, January 31st. Deutsche Bank lifted their price objective on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Barclays boosted their price target on shares of Robert Half International from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Robert Half International currently has a consensus rating of “Hold” and a consensus target price of $58.20.

In other Robert Half International news, insider Robert W. Glass sold 12,000 shares of Robert Half International stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $56.21, for a total value of $674,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $58.06, for a total transaction of $5,806,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 457,247 shares of company stock worth $25,936,679. 3.40% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://dakotafinancialnews.com/2018/04/12/macquarie-group-ltd-reduces-holdings-in-robert-half-international-rhi.html.

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.

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International (NYSE:RHI).

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

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply