Cullen Frost Bankers Inc. raised its position in Robert Half International Inc. (NYSE:RHI) by 168,560.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,897 shares of the business services provider’s stock after acquiring an additional 75,852 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.07% of Robert Half International worth $5,925,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of Robert Half International in the first quarter valued at about $26,000. IronBridge Private Wealth LLC bought a new stake in shares of Robert Half International during the 4th quarter valued at about $27,000. Crescent Capital Consulting LLC bought a new stake in shares of Robert Half International during the 4th quarter valued at about $28,000. Bogart Wealth LLC bought a new stake in shares of Robert Half International during the 1st quarter valued at about $30,000. Finally, TD Ameritrade Investment Management LLC bought a new stake in shares of Robert Half International during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.
A number of brokerages have recently weighed in on RHI. Barclays lifted their target price on shares of Robert Half International from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, April 26th. Credit Suisse Group lifted their target price on shares of Robert Half International from $60.00 to $70.00 and gave the company an “underperform” rating in a research note on Wednesday, April 28th. BMO Capital Markets lifted their target price on shares of Robert Half International from $73.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. Bank of America raised shares of Robert Half International from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 3rd. Finally, Robert W. Baird boosted their price objective on shares of Robert Half International from $104.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $79.63.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, April 20th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.18. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.35 billion. Robert Half International had a net margin of 6.08% and a return on equity of 28.09%. The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, equities research analysts forecast that Robert Half International Inc. will post 2.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, May 25th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, May 24th. This represents a $1.52 annualized dividend and a dividend yield of 1.69%. Robert Half International’s dividend payout ratio is presently 38.97%.
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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