Algert Global LLC Increases Stake in Robert Half International Inc. (RHI)
Algert Global LLC boosted its position in shares of Robert Half International Inc. (NYSE:RHI) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 35,578 shares of the company’s stock after buying an additional 669 shares during the period. Algert Global LLC’s holdings in Robert Half International were worth $1,347,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RHI. Creative Planning raised 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 worth $102,000 after buying an additional 33 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Robert Half International during the second quarter worth about $134,000. Oakworth Capital Inc. raised its position in Robert Half International by 18.1% in the second quarter. Oakworth Capital Inc. now owns 3,514 shares of the company’s stock worth $146,000 after buying an additional 538 shares during the period. Synovus Financial Corp raised its position in Robert Half International by 0.4% in the second quarter. Synovus Financial Corp now owns 3,650 shares of the company’s stock worth $137,000 after buying an additional 16 shares during the period. Finally, Tredje AP fonden raised its position in Robert Half International by 756.0% in the second quarter. Tredje AP fonden now owns 4,280 shares of the company’s stock worth $163,000 after buying an additional 3,780 shares during the period. Institutional investors own 85.17% of the company’s stock.
Shares of Robert Half International Inc. (NYSE:RHI) opened at 37.72 on Friday. The firm has a market cap of $4.85 billion, a P/E ratio of 13.51 and a beta of 1.26. The firm has a 50-day moving average of $37.87 and a 200 day moving average of $39.56. Robert Half International Inc. has a 12 month low of $34.34 and a 12 month high of $54.01.
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 Zacks’ consensus estimate of $0.73 by $0.02. Robert Half International had a return on equity of 35.42% and a net margin of 6.94%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Robert Half International Inc. will post $2.75 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.33%. Robert Half International’s payout ratio is presently 31.54%.
A number of research firms have recently commented on RHI. BMO Capital Markets downgraded shares of Robert Half International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $45.00 to $36.00 in a research note on Wednesday, July 27th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Deutsche Bank AG began coverage on shares of Robert Half International in a research note on Wednesday, August 17th. They set a “buy” rating and a $44.00 price objective for the company. RBC Capital Markets set a $42.00 price objective on shares of Robert Half International and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Royal Bank Of Canada dropped their price objective on shares of Robert Half International from $48.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Three 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’s stock. Robert Half International presently 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 the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 340,972 shares in the company, valued at approximately $12,592,095.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.40% of the company’s stock.
Robert Half International Company Profile
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.
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