Sequent Asset Management LLC increased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,217 shares of the business services provider’s stock after buying an additional 365 shares during the period. Sequent Asset Management LLC’s holdings in Robert Half International were worth $586,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake 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 during the last quarter. Thrivent Financial for Lutherans bought a new stake in Robert Half International during the fourth quarter valued at $218,000. Kentucky Retirement Systems acquired a new stake in Robert Half International during the fourth quarter worth $456,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Robert Half International during the fourth quarter worth $204,000. Finally, Highbridge Capital Management LLC acquired a new stake in Robert Half International during the fourth quarter worth $226,000. Institutional investors own 84.72% of the company’s stock.
Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.21% on Friday, reaching $43.33. The company had a trading volume of 795,516 shares. Robert Half International Inc. has a 52 week low of $34.42 and a 52 week 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. The firm has a market capitalization of $5.40 billion, a P/E ratio of 16.79 and a beta of 1.23.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, analysts expect that Robert Half International Inc. will post $2.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date 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 recent analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $45.00 target price on shares of Robert Half International in a research note on Friday, April 21st. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Finally, BidaskClub downgraded Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Robert Half International presently has an average rating of “Hold” and an average 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.
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