Pacer Advisors Inc. raised its position in Robert Half International Inc. (NYSE:RHI) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,999 shares of the business services provider’s stock after purchasing an additional 669 shares during the quarter. Pacer Advisors Inc.’s holdings in Robert Half International were worth $1,725,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Robert Half International by 1.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 365,893 shares of the business services provider’s stock valued at $20,860,000 after purchasing an additional 3,600 shares in the last quarter. Fiduciary Management Inc. WI grew its stake in Robert Half International by 65.1% in the second quarter. Fiduciary Management Inc. WI now owns 847,584 shares of the business services provider’s stock valued at $48,321,000 after purchasing an additional 334,345 shares in the last quarter. Marshall Wace LLP grew its stake in Robert Half International by 7.7% in the first quarter. Marshall Wace LLP now owns 143,158 shares of the business services provider’s stock valued at $9,328,000 after purchasing an additional 10,287 shares in the last quarter. Ossiam purchased a new position in Robert Half International in the second quarter valued at about $263,000. Finally, OMERS ADMINISTRATION Corp grew its stake in Robert Half International by 785.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 92,100 shares of the business services provider’s stock valued at $5,322,000 after purchasing an additional 81,700 shares in the last quarter. Hedge funds and other institutional investors own 95.63% of the company’s stock.
A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Nomura boosted their target price on Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. William Blair restated a “market perform” rating on shares of Robert Half International in a research note on Friday, September 20th. Finally, Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 target price on the stock. in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Robert Half International has an average rating of “Hold” and an average target price of $68.86.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. Robert Half International had a return on equity of 41.46% and a net margin of 7.64%. The firm’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. On average, research analysts predict that Robert Half International Inc. will post 3.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.24 annualized dividend and a dividend yield of 2.24%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.
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.
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