LS Investment Advisors LLC increased its stake in Robert Half International Inc. (NYSE:RHI) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,245 shares of the business services provider’s stock after buying an additional 462 shares during the period. LS Investment Advisors LLC’s holdings in Robert Half International were worth $395,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Robert Half International by 28.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 632,930 shares of the business services provider’s stock valued at $30,875,000 after buying an additional 139,908 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in Robert Half International during the fourth quarter worth approximately $218,000. Kentucky Retirement Systems acquired a new position in Robert Half International during the fourth quarter worth approximately $456,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Robert Half International during the fourth quarter worth approximately $204,000. Finally, Highbridge Capital Management LLC acquired a new position in Robert Half International during the fourth quarter worth approximately $226,000. 84.72% of the stock is currently owned by institutional investors.
Shares of Robert Half International Inc. (NYSE RHI) opened at 43.33 on Friday. Robert Half International Inc. has a 52 week low of $34.42 and a 52 week high of $50.98. The firm has a market capitalization of $5.40 billion, a PE ratio of 16.79 and a beta of 1.23. The firm’s 50-day moving average is $46.24 and its 200 day moving average is $47.02.
Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business earned $0.71 earnings per share. Robert Half International’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Robert Half International Inc. will post $2.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, August 23rd. Robert Half International’s dividend payout ratio is presently 37.21%.
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RHI has been the topic of a number of research reports. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BMO Capital Markets raised their price target on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.25.
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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