Robert Half International Inc. (RHI) Stake Raised by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its stake in Robert Half International Inc. (NYSE:RHI) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 864,353 shares of the business services provider’s stock after buying an additional 1,915 shares during the period. Robert Half International makes up 2.2% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 24th largest position. Kovitz Investment Group Partners LLC owned approximately 0.68% of Robert Half International worth $41,429,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust raised its stake in shares of Robert Half International by 4.6% in the second quarter. First Bank & Trust now owns 4,847 shares of the business services provider’s stock valued at $232,000 after buying an additional 211 shares in the last quarter. ARP Americas LLC purchased a new stake in shares of Robert Half International during the second quarter valued at approximately $273,000. JLB & Associates Inc. purchased a new stake in shares of Robert Half International during the second quarter valued at approximately $1,904,000. Korea Investment CORP raised its stake in shares of Robert Half International by 13.0% in the second quarter. Korea Investment CORP now owns 98,800 shares of the business services provider’s stock valued at $4,735,000 after buying an additional 11,400 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Robert Half International by 703.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 102,820 shares of the business services provider’s stock valued at $4,928,000 after buying an additional 90,027 shares in the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Robert Half International Inc. (RHI) traded up 0.21% during midday trading on Friday, hitting $43.33. The stock had a trading volume of 795,516 shares. The stock has a market cap of $5.40 billion, a P/E ratio of 16.79 and a beta of 1.23. Robert Half International Inc. has a 12-month low of $34.42 and a 12-month high of $50.98. The company’s 50-day moving average price is $46.24 and its 200 day moving average price is $47.02.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $0.71 EPS. Robert Half International’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Robert Half International Inc. will post $2.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.24 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.22%. Robert Half International’s dividend payout ratio is currently 37.21%.

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Several equities research analysts have commented on the company. BidaskClub lowered Robert Half International from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets upped their price target on Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Finally, ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Robert Half International presently has a consensus rating of “Hold” and a consensus target price of $47.25.

About Robert Half International

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.

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

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