Captrust Financial Advisors boosted its position in Robert Half International Inc. (NYSE:RHI) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,735 shares of the business services provider’s stock after acquiring an additional 3,270 shares during the period. Captrust Financial Advisors’ holdings in Robert Half International were worth $1,207,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RHI. Raymond James Financial Services Advisors Inc. grew its holdings in Robert Half International by 22.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,703 shares of the business services provider’s stock worth $287,000 after acquiring an additional 1,027 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Robert Half International in the 3rd quarter worth $538,000. Victory Capital Management Inc. grew its holdings in Robert Half International by 39.8% in the 3rd quarter. Victory Capital Management Inc. now owns 36,277 shares of the business services provider’s stock worth $1,826,000 after acquiring an additional 10,326 shares during the last quarter. Chicago Equity Partners LLC bought a new stake in Robert Half International in the 3rd quarter worth $286,000. Finally, State of Wisconsin Investment Board grew its holdings in Robert Half International by 8.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 173,340 shares of the business services provider’s stock worth $8,726,000 after acquiring an additional 13,098 shares during the last quarter. 85.40% of the stock is currently owned by institutional investors and hedge funds.
In related news, COO Paul F. Gentzkow sold 130,247 shares of Robert Half International stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.31, for a total transaction of $7,334,208.57. Following the completion of the transaction, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael C. Buckley sold 10,000 shares of Robert Half International stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.84, for a total transaction of $578,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 457,247 shares of company stock valued at $25,936,679. 3.40% of the stock is currently owned by corporate insiders.
Shares of Robert Half International Inc. (NYSE:RHI) opened at $59.13 on Wednesday. The firm has a market cap of $7,519.07, a PE ratio of 25.49 and a beta of 1.22. Robert Half International Inc. has a 52 week low of $42.92 and a 52 week high of $60.59.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. equities analysts predict that Robert Half International Inc. will post 3.23 earnings per share for the current year.
Robert Half International declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 13th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be given a dividend of $0.28 per share. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, February 22nd. Robert Half International’s dividend payout ratio (DPR) is 48.28%.
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.
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