Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stake in Robert Half International Inc. (RHI)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Robert Half International Inc. (NYSE:RHI) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,449 shares of the business services provider’s stock after selling 31 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Robert Half International were worth $453,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Robert Half International in the first quarter valued at approximately $2,817,000. Clinton Group Inc. acquired a new position in shares of Robert Half International in the first quarter valued at approximately $1,169,000. Principal Financial Group Inc. grew its position in shares of Robert Half International by 0.5% in the second quarter. Principal Financial Group Inc. now owns 1,328,705 shares of the business services provider’s stock valued at $63,685,000 after purchasing an additional 6,176 shares during the last quarter. Legal & General Group Plc grew its position in shares of Robert Half International by 8.7% in the second quarter. Legal & General Group Plc now owns 705,577 shares of the business services provider’s stock valued at $33,819,000 after purchasing an additional 56,578 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Robert Half International by 50.9% in the first quarter. Morgan Stanley now owns 501,786 shares of the business services provider’s stock valued at $24,502,000 after purchasing an additional 169,205 shares during the last quarter. 84.10% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on RHI shares. BMO Capital Markets upped their target price on Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. BidaskClub raised Robert Half International from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine downgraded Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.86.
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Shares of Robert Half International Inc. (NYSE:RHI) opened at 47.96 on Friday. Robert Half International Inc. has a 12 month low of $34.42 and a 12 month high of $50.98. The firm has a market cap of $5.98 billion, a P/E ratio of 18.59 and a beta of 1.24. The company’s 50-day moving average price is $44.66 and its 200-day moving average price is $46.59.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts predict that Robert Half International Inc. will post $2.62 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. Robert Half International’s dividend payout ratio is 37.21%.
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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