ARP Americas LLC purchased a new position in shares of Robert Half International Inc. (NYSE:RHI) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,700 shares of the business services provider’s stock, valued at approximately $273,000.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Robert Half International during the first quarter valued at $2,817,000. Clinton Group Inc. purchased a new stake in shares of Robert Half International during the first quarter valued at $1,169,000. Macquarie Group Ltd. increased its stake in shares of Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock valued at $589,000 after buying an additional 4,800 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Robert Half International by 5.3% in the first quarter. Retirement Systems of Alabama now owns 313,751 shares of the business services provider’s stock valued at $15,320,000 after buying an additional 15,687 shares in the last quarter. Finally, DnB Asset Management AS purchased a new stake in shares of Robert Half International during the first quarter valued at $511,000. 86.50% of the stock is currently owned by institutional investors.

Robert Half International Inc. (RHI) opened at 44.24 on Wednesday. The company has a 50-day moving average of $47.43 and a 200 day moving average of $47.37. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $50.98. The stock has a market cap of $5.51 billion, a P/E ratio of 17.15 and a beta of 1.23.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Analysts predict that Robert Half International Inc. will post $2.62 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.17%. Robert Half International’s payout ratio is 37.21%.

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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets increased their target price on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Finally, ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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