Quantitative Investment Management LLC purchased a new stake in Robert Half International Inc. (NYSE:RHI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 86,700 shares of the business services provider’s stock, valued at approximately $4,815,000. Quantitative Investment Management LLC owned approximately 0.07% of Robert Half International at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Robert Half International in the fourth quarter valued at approximately $101,000. Assetmark Inc. raised its position in shares of Robert Half International by 47,875.0% in the fourth quarter. Assetmark Inc. now owns 1,919 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,915 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,600 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Robert Half International in the fourth quarter valued at approximately $138,000. Finally, James Hambro & Partners acquired a new stake in shares of Robert Half International in the fourth quarter valued at approximately $164,000. Institutional investors own 85.40% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $57.00 price target on shares of Robert Half International in a research report on Wednesday, December 27th. Robert W. Baird reissued a “buy” rating and issued a $67.00 price objective on shares of Robert Half International in a research note on Wednesday, January 31st. Macquarie cut shares of Robert Half International from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $56.66 to $42.00 in a research note on Tuesday, December 5th. Deutsche Bank lifted their price objective on shares of Robert Half International from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 28th. Finally, BMO Capital Markets lifted their price objective on shares of Robert Half International from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, December 29th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $57.22.
Robert Half International Inc. (NYSE RHI) opened at $59.13 on Wednesday. The stock has a market cap of $7,373.68, a P/E ratio of 22.91 and a beta of 1.22. Robert Half International Inc. has a one year low of $42.92 and a one year high of $60.59.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. equities analysts anticipate that Robert Half International Inc. will post 3.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.89%. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, February 22nd. Robert Half International’s dividend payout ratio (DPR) is 48.28%.
Robert Half International announced that its board has authorized a share repurchase program on Tuesday, February 13th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
COPYRIGHT VIOLATION WARNING: “Quantitative Investment Management LLC Invests $4.82 Million in Robert Half International Inc. (RHI)” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/14/quantitative-investment-management-llc-invests-4-82-million-in-robert-half-international-inc-rhi.html.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHI).
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.