Acadian Asset Management LLC Has $5.26 Million Position in Robert Half International Inc. (NYSE:RHI)

Acadian Asset Management LLC lessened its position in Robert Half International Inc. (NYSE:RHI) by 57.8% in the third quarter, Holdings Channel.com reports. The firm owned 99,439 shares of the business services provider’s stock after selling 136,354 shares during the quarter. Acadian Asset Management LLC’s holdings in Robert Half International were worth $5,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Robert Half International by 0.5% in the third quarter. BlackRock Inc. now owns 13,426,775 shares of the business services provider’s stock valued at $710,814,000 after buying an additional 63,318 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Robert Half International by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,541,535 shares of the business services provider’s stock valued at $134,268,000 after purchasing an additional 27,743 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Robert Half International by 89.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,062,306 shares of the business services provider’s stock valued at $108,952,000 after purchasing an additional 972,001 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Robert Half International by 8.6% during the 3rd quarter. First Trust Advisors LP now owns 1,619,599 shares of the business services provider’s stock valued at $85,742,000 after purchasing an additional 128,394 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Robert Half International by 7,164.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,506,691 shares of the business services provider’s stock valued at $79,598,000 after purchasing an additional 1,485,950 shares in the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:RHI opened at $60.99 on Friday. The business’s 50 day simple moving average is $56.18 and its two-hundred day simple moving average is $53.03. The firm has a market cap of $6.95 billion, a P/E ratio of 19.12, a PEG ratio of 5.21 and a beta of 1.53. Robert Half International Inc. has a 52-week low of $32.38 and a 52-week high of $66.78.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. Robert Half International had a return on equity of 32.24% and a net margin of 6.42%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s quarterly revenue was down 23.3% on a year-over-year basis. On average, equities research analysts expect that Robert Half International Inc. will post 2.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 25th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.23%. Robert Half International’s dividend payout ratio is presently 34.87%.

RHI has been the topic of several research analyst reports. SunTrust Banks upped their target price on Robert Half International from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 27th. Credit Suisse Group lowered Robert Half International from a “neutral” rating to an “underperform” rating and set a $50.00 target price on the stock. in a research report on Thursday. Royal Bank of Canada upped their target price on Robert Half International from $54.00 to $58.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. They noted that the move was a valuation call. Finally, Cfra upgraded Robert Half International from a “sell” rating to a “buy” rating in a report on Friday, October 23rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $55.67.

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

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