Legal & General Group Plc lowered its position in shares of Robert Half International Inc. (NYSE:RHI) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 659,390 shares of the business services provider’s stock after selling 39,371 shares during the period. Legal & General Group Plc’s holdings in Robert Half International were worth $42,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RHI. Wells Fargo & Company MN boosted its position in Robert Half International by 8.5% during the 1st quarter. Wells Fargo & Company MN now owns 414,862 shares of the business services provider’s stock valued at $24,017,000 after buying an additional 32,455 shares during the period. Comerica Bank boosted its position in Robert Half International by 10.0% during the 1st quarter. Comerica Bank now owns 35,011 shares of the business services provider’s stock valued at $2,120,000 after buying an additional 3,171 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Robert Half International by 13.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 427,325 shares of the business services provider’s stock valued at $24,738,000 after buying an additional 50,883 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Robert Half International by 191.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,879 shares of the business services provider’s stock valued at $2,033,000 after buying an additional 22,912 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Robert Half International by 13.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,058 shares of the business services provider’s stock valued at $2,030,000 after buying an additional 4,044 shares during the period. 88.34% of the stock is owned by institutional investors and hedge funds.

NYSE:RHI opened at $72.41 on Friday. Robert Half International Inc. has a 12 month low of $44.53 and a 12 month high of $79.91. The stock has a market capitalization of $9.22 billion, a PE ratio of 24.94 and a beta of 1.18.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.43 billion. Robert Half International had a net margin of 6.11% and a return on equity of 33.44%. Robert Half International’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. research analysts predict that Robert Half International Inc. will post 3.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.12 annualized dividend and a dividend yield of 1.55%. Robert Half International’s payout ratio is 43.08%.

RHI has been the subject of several research analyst reports. Goldman Sachs Group cut shares of Robert Half International from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $70.00 to $67.00 in a research report on Wednesday. Barclays raised their target price on shares of Robert Half International from $66.00 to $72.00 and gave the stock a “$68.51” rating in a research report on Wednesday, July 18th. Robert W. Baird raised their target price on shares of Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 25th. BMO Capital Markets raised their target price on shares of Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group initiated coverage on shares of Robert Half International in a research report on Friday, August 10th. They issued an “underperform” rating and a $57.00 target price for the company. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $65.00.

In related news, EVP Robert W. Glass sold 40,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total value of $3,100,000.00. Following the completion of the transaction, the executive vice president now directly owns 271,364 shares in the company, valued at approximately $21,030,710. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

About Robert Half International

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

Further Reading: Stock Symbols and CUSIP Explained

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

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