Grimes & Company Inc. raised its stake in Robert Half International Inc. (NYSE:RHI) by 96.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,553 shares of the company’s stock after buying an additional 58,767 shares during the period. Grimes & Company Inc. owned approximately 0.09% of Robert Half International worth $4,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Robert Half International by 0.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,855 shares of the company’s stock valued at $179,000 after buying an additional 18 shares during the last quarter. Creative Planning increased its position in Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Robert Half International by 1.0% in the first quarter. Rehmann Capital Advisory Group now owns 5,938 shares of the company’s stock valued at $277,000 after buying an additional 60 shares during the last quarter. LPL Financial LLC increased its position in Robert Half International by 0.7% in the first quarter. LPL Financial LLC now owns 37,545 shares of the company’s stock valued at $1,699,000 after buying an additional 245 shares during the last quarter. Finally, UMB Bank N A MO increased its position in Robert Half International by 4.1% in the first quarter. UMB Bank N A MO now owns 7,542 shares of the company’s stock valued at $351,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 85.20% of the company’s stock.

Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.24% during trading on Tuesday, reaching $36.94. 1,061,355 shares of the company’s stock were exchanged. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 13.23 and a beta of 1.29. Robert Half International Inc. has a 12 month low of $34.34 and a 12 month high of $54.01. The stock has a 50-day moving average price of $37.71 and a 200 day moving average price of $40.09.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.73 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. On average, analysts forecast that Robert Half International Inc. will post $2.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Tuesday, August 23rd. Robert Half International’s dividend payout ratio is presently 31.54%.

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Robert Half International from $48.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Nomura upped their price objective on shares of Robert Half International from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, May 24th. Credit Suisse Group AG restated a “hold” rating on shares of Robert Half International in a report on Monday, June 27th. Bank of America Corp. downgraded shares of Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a report on Wednesday, July 13th. Finally, RBC Capital Markets set a $42.00 price objective on shares of Robert Half International and gave the stock a “buy” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Robert Half International currently has an average rating of “Hold” and a consensus target price of $46.53.

In other news, insider Robert W. Glass sold 30,061 shares of Robert Half International stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total value of $1,110,152.73. Following the completion of the transaction, the insider now owns 340,972 shares of the company’s stock, valued at approximately $12,592,095.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.40% of the stock is owned by insiders.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

5 Day Chart for NYSE:RHI

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