Lord Abbett & CO. LLC trimmed its position in Robert Half International Inc. (NYSE:RHI) by 35.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 783,953 shares of the business services provider’s stock after selling 439,371 shares during the period. Lord Abbett & CO. LLC’s holdings in Robert Half International were worth $44,842,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new stake in Robert Half International during the 4th quarter worth approximately $30,000. Tributary Capital Management LLC bought a new position in shares of Robert Half International during the 4th quarter worth approximately $47,000. Doyle Wealth Management bought a new position in shares of Robert Half International during the 4th quarter worth approximately $89,000. Bremer Trust National Association bought a new position in shares of Robert Half International during the 4th quarter worth approximately $136,000. Finally, National Pension Service bought a new position in shares of Robert Half International during the 3rd quarter worth approximately $176,000. Hedge funds and other institutional investors own 93.72% of the company’s stock.
In related news, COO Paul F. Gentzkow sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $66.17, for a total value of $4,962,750.00. Following the completion of the transaction, the chief operating officer now directly owns 352,476 shares of the company’s stock, valued at $23,323,336.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by company insiders.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. On average, research analysts anticipate that Robert Half International Inc. will post 4.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 25th will be paid a $0.31 dividend. The ex-dividend date is Friday, February 22nd. This is a boost from Robert Half International’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.89%. Robert Half International’s dividend payout ratio (DPR) is currently 34.35%.
RHI has been the subject of several research reports. Nomura decreased their price target on shares of Robert Half International to $80.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. Bank of America cut shares of Robert Half International from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 price target for the company in a research note on Monday, January 28th. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Finally, Barclays cut shares of Robert Half International from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $72.00 to $58.00 in a research note on Monday, November 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $70.20.
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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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