Amundi Pioneer Asset Management Inc. purchased a new position in Robert Half International Inc. (NYSE:RHI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 294,585 shares of the business services provider’s stock, valued at approximately $16,362,000.

Other large investors have also modified their holdings of the company. AXA raised its holdings in shares of Robert Half International by 37.0% in the 4th quarter. AXA now owns 412,252 shares of the business services provider’s stock worth $22,896,000 after purchasing an additional 111,387 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Robert Half International by 0.9% in the 4th quarter. Alliancebernstein L.P. now owns 322,434 shares of the business services provider’s stock worth $17,908,000 after purchasing an additional 3,004 shares during the period. USA Financial Portformulas Corp raised its holdings in shares of Robert Half International by 26.9% in the 4th quarter. USA Financial Portformulas Corp now owns 16,528 shares of the business services provider’s stock worth $918,000 after purchasing an additional 3,502 shares during the period. Geode Capital Management LLC raised its holdings in shares of Robert Half International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,934,185 shares of the business services provider’s stock worth $107,277,000 after purchasing an additional 42,558 shares during the period. Finally, James Hambro & Partners purchased a new position in shares of Robert Half International in the 4th quarter worth about $164,000. 85.40% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have recently commented on the company. Barclays raised their price objective on Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Robert W. Baird restated a “buy” rating and issued a $67.00 price objective on shares of Robert Half International in a report on Wednesday, January 31st. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Royal Bank of Canada raised their price objective on Robert Half International to $62.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets raised their price objective on Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, December 29th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.22.

Shares of Robert Half International Inc. (NYSE:RHI) opened at $58.45 on Thursday. The company has a market capitalization of $7,330.00, a PE ratio of 21.89 and a beta of 1.22. Robert Half International Inc. has a twelve month low of $42.92 and a twelve month high of $60.59.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. analysts expect that Robert Half International Inc. will post 3.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be issued a dividend of $0.28 per share. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, February 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 41.95%.

Robert Half International announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 13th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In related news, COO Paul F. Gentzkow sold 130,247 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.31, for a total transaction of $7,334,208.57. Following the sale, the chief operating officer now directly owns 499,733 shares in the company, valued at approximately $28,139,965.23. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Paul F. Gentzkow sold 205,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $56.31, for a total value of $11,543,550.00. Following the sale, the chief operating officer now owns 499,733 shares in the company, valued at $28,139,965.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 457,247 shares of company stock worth $25,936,679. Company insiders own 3.40% of the company’s stock.

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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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