Korea Investment CORP increased its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 62.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 264,400 shares of the business services provider’s stock after acquiring an additional 101,900 shares during the quarter. Korea Investment CORP owned about 0.22% of Robert Half International worth $18,608,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of RHI. Swedbank acquired a new position in shares of Robert Half International during the 3rd quarter worth approximately $99,177,000. Argent Capital Management LLC bought a new stake in Robert Half International in the 2nd quarter valued at $49,785,000. Morgan Stanley boosted its stake in Robert Half International by 199.6% in the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after purchasing an additional 756,618 shares during the period. Wedge Capital Management L L P NC bought a new stake in Robert Half International in the 3rd quarter valued at $33,653,000. Finally, American Century Companies Inc. boosted its stake in Robert Half International by 93.6% in the 2nd quarter. American Century Companies Inc. now owns 959,800 shares of the business services provider’s stock valued at $62,483,000 after purchasing an additional 464,138 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on RHI shares. Zacks Investment Research downgraded Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Bank of America started coverage on Robert Half International in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price target for the company. Barclays downgraded Robert Half International from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $72.00 to $58.00 in a research note on Monday, November 19th. Nomura boosted their price target on Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, BMO Capital Markets boosted their price target on Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Wednesday, October 24th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $67.23.
NYSE:RHI opened at $61.82 on Friday. The firm has a market cap of $7.59 billion, a PE ratio of 23.78, a P/E/G ratio of 1.32 and a beta of 1.31. Robert Half International Inc. has a fifty-two week low of $51.35 and a fifty-two week high of $79.91.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. On average, sell-side analysts anticipate that Robert Half International Inc. will post 3.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, November 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.81%. Robert Half International’s payout ratio is 43.08%.
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 personnel 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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