Robert Half International Inc. (NYSE:RHI) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 8.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 246,987 shares of the business services provider’s stock after buying an additional 19,645 shares during the period. Principal Financial Group Inc.’s holdings in Robert Half International were worth $21,974,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Advisor Partners LLC lifted its holdings in Robert Half International by 3.5% during the 1st quarter. Advisor Partners LLC now owns 3,595 shares of the business services provider’s stock worth $281,000 after buying an additional 123 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Robert Half International by 40.7% during the 1st quarter. Quadrant Capital Group LLC now owns 508 shares of the business services provider’s stock worth $40,000 after buying an additional 147 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of Robert Half International by 1.6% in the 1st quarter. Norinchukin Bank The now owns 9,475 shares of the business services provider’s stock valued at $740,000 after purchasing an additional 148 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Robert Half International by 2.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 7,553 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 200 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Robert Half International by 1.9% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,813 shares of the business services provider’s stock valued at $962,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 86.53% of the company’s stock.

A number of equities research analysts have recently weighed in on RHI shares. Truist raised their price objective on shares of Robert Half International from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, July 23rd. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $106.00 price objective on the stock. in a report on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Robert Half International from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Monday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $91.38.

Shares of Robert Half International stock opened at $103.16 on Friday. Robert Half International Inc. has a 1 year low of $48.29 and a 1 year high of $104.73. The company has a market capitalization of $11.55 billion, a P/E ratio of 27.01, a PEG ratio of 1.05 and a beta of 1.60. The company’s fifty day moving average is $99.97 and its two-hundred day moving average is $90.33.

Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Thursday, July 22nd. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.28. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.47 billion. Robert Half International had a net margin of 7.86% and a return on equity of 35.42%. Robert Half International’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. As a group, sell-side analysts anticipate that Robert Half International Inc. will post 5.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, August 25th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, August 24th. Robert Half International’s payout ratio is 56.30%.

In other news, EVP Robert W. Glass sold 10,000 shares of Robert Half International stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $100.99, for a total value of $1,009,900.00. Following the sale, the executive vice president now owns 258,206 shares of the company’s stock, valued at $26,076,223.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

Robert Half International Profile

Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.

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

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