Treasurer of the State of North Carolina cut its stake in Robert Half International Inc. (NYSE:RHI) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,512 shares of the business services provider’s stock after selling 600 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Robert Half International were worth $2,652,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Anderson Fisher LLC purchased a new stake in Robert Half International during the 1st quarter valued at about $38,000. CSat Investment Advisory L.P. grew its position in Robert Half International by 79.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,037 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 458 shares during the last quarter. Thor Advisors LLC purchased a new stake in Robert Half International during the 1st quarter valued at about $72,000. NEXT Financial Group Inc purchased a new stake in Robert Half International during the 2nd quarter valued at about $86,000. Finally, Commonwealth Bank of Australia grew its position in Robert Half International by 19.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,559 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Shares of NYSE RHI opened at $53.32 on Wednesday. The firm’s 50-day moving average price is $54.47 and its 200-day moving average price is $58.21. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.18. The company has a market cap of $6.36 billion, a PE ratio of 14.77, a PEG ratio of 1.76 and a beta of 1.36. Robert Half International Inc. has a 52-week low of $51.90 and a 52-week high of $69.08.
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, August 22nd. Robert Half International’s payout ratio is presently 34.35%.
Several analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research report on Wednesday, July 24th. Nomura increased their price objective on shares of Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. William Blair reissued a “market perform” rating on shares of Robert Half International in a research report on Friday, September 20th. Finally, Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $68.86.
Robert Half International Company 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.
Featured Story: What is Call Option Volume?
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.