TIAA CREF Investment Management LLC trimmed its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 12.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 658,304 shares of the business services provider’s stock after selling 94,387 shares during the period. TIAA CREF Investment Management LLC owned about 0.52% of Robert Half International worth $31,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in shares of Robert Half International during the 1st quarter worth approximately $2,817,000. Clinton Group Inc. purchased a new stake in Robert Half International in the 1st quarter worth approximately $1,169,000. Principal Financial Group Inc. grew its stake in Robert Half International by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,328,705 shares of the business services provider’s stock worth $63,685,000 after acquiring an additional 6,176 shares during the period. Legal & General Group Plc grew its stake in Robert Half International by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 705,577 shares of the business services provider’s stock worth $33,819,000 after acquiring an additional 56,578 shares during the period. Finally, Morgan Stanley grew its stake in Robert Half International by 50.9% in the 1st quarter. Morgan Stanley now owns 501,786 shares of the business services provider’s stock worth $24,502,000 after acquiring an additional 169,205 shares during the period. 84.10% of the stock is owned by institutional investors and hedge funds.

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Several analysts have commented on RHI shares. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 target price on shares of Robert Half International in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $47.86.

Shares of Robert Half International Inc. (NYSE:RHI) opened at 48.60 on Friday. The stock has a market capitalization of $6.06 billion, a PE ratio of 18.84 and a beta of 1.24. The firm has a 50-day moving average of $44.66 and a 200 day moving average of $46.59. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $50.98.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, equities analysts anticipate that Robert Half International Inc. will post $2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 1.98%. Robert Half International’s dividend payout ratio (DPR) is presently 37.21%.

Robert Half International Company Profile

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.

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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