Russell Investments Group Ltd. boosted its holdings in Robert Half International Inc. (NYSE:RHI) by 46.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,579 shares of the business services provider’s stock after purchasing an additional 37,290 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Robert Half International worth $6,652,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Alpha Quant Advisors LLC increased its stake in Robert Half International by 125.9% in the first quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 282 shares during the last quarter. Anderson Fisher LLC acquired a new stake in Robert Half International during the first quarter worth about $38,000. Thor Advisors LLC acquired a new stake in Robert Half International during the first quarter worth about $72,000. NEXT Financial Group Inc acquired a new stake in Robert Half International during the second quarter worth about $86,000. Finally, Bremer Bank National Association acquired a new stake in Robert Half International during the first quarter worth about $106,000. Hedge funds and other institutional investors own 95.34% of the company’s stock.
Shares of RHI stock traded down $0.91 during trading hours on Thursday, reaching $55.96. The company had a trading volume of 38,256 shares, compared to its average volume of 1,227,114. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.72 and a current ratio of 1.72. Robert Half International Inc. has a twelve month low of $51.90 and a twelve month high of $73.28. The company has a market capitalization of $6.49 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. The stock’s fifty day simple moving average is $56.01 and its 200 day simple moving average is $59.72.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Robert Half International had a return on equity of 41.46% and a net margin of 7.64%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that Robert Half International Inc. will post 3.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.22%. Robert Half International’s dividend payout ratio (DPR) is currently 34.35%.
RHI has been the subject of several research analyst reports. Nomura upped their price target on Robert Half International from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target for the company. in a research note on Thursday, July 25th. Finally, BMO Capital Markets upped their price target on Robert Half International from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $68.86.
Robert Half International Profile
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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