Robert Half International Inc. (RHI) Position Raised by Cardinal Capital Management
Cardinal Capital Management boosted its position in Robert Half International Inc. (NYSE:RHI) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 14,025 shares of the company’s stock after buying an additional 954 shares during the period. Cardinal Capital Management’s holdings in Robert Half International were worth $535,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in RHI. State Street Corp increased its position in shares of Robert Half International by 0.7% in the first quarter. State Street Corp now owns 5,436,962 shares of the company’s stock worth $253,274,000 after buying an additional 35,909 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Robert Half International by 34.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,731,764 shares of the company’s stock worth $80,666,000 after buying an additional 441,358 shares during the last quarter. First Manhattan Co. raised its stake in shares of Robert Half International by 498.2% in the second quarter. First Manhattan Co. now owns 1,470,465 shares of the company’s stock worth $56,113,000 after buying an additional 1,224,632 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Robert Half International by 25.8% in the first quarter. Prudential Financial Inc. now owns 1,363,525 shares of the company’s stock worth $63,513,000 after buying an additional 280,010 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Robert Half International by 4.8% in the first quarter. Geode Capital Management LLC now owns 1,238,125 shares of the company’s stock worth $57,568,000 after buying an additional 56,391 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.
Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.80% on Tuesday, hitting $37.93. The stock had a trading volume of 1,553,302 shares. The firm’s 50-day moving average is $37.89 and its 200-day moving average is $39.81. Robert Half International Inc. has a one year low of $34.34 and a one year high of $54.01. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 13.59 and a beta of 1.26.
Robert Half International (NYSE:RHI) last released its quarterly earnings results 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 analyst estimates of $1.36 billion. Robert Half International had a return on equity of 35.42% and a net margin of 6.94%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. On average, analysts expect that Robert Half International Inc. will post $2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date was Tuesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is 31.54%.
A number of equities research analysts have recently weighed in on RHI shares. Bank of America Corp. lowered Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research note on Wednesday, July 13th. Northcoast Research lowered Robert Half International from a “neutral” rating to a “sell” rating in a research note on Thursday, September 29th. Credit Suisse Group AG restated a “hold” rating on shares of Robert Half International in a research note on Monday, June 27th. Macquarie started coverage on Robert Half International in a research note on Thursday, August 25th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.53.
In other Robert Half International news, insider Robert W. Glass sold 30,061 shares of Robert Half International stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total transaction of $1,110,152.73. Following the transaction, the insider now owns 340,972 shares of the company’s stock, valued at $12,592,095.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.40% of the company’s stock.
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.
Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHI).
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.