BB&T Securities LLC Sells 125,151 Shares of Robert Half International Inc. (RHI)
BB&T Securities LLC trimmed its holdings in Robert Half International Inc. (NYSE:RHI) by 83.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,285 shares of the business services provider’s stock after selling 125,151 shares during the period. BB&T Securities LLC’s holdings in Robert Half International were worth $1,580,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC grew its position in Robert Half International by 5,585.0% in the first quarter. Summit Trail Advisors LLC now owns 100,739 shares of the business services provider’s stock worth $101,000 after acquiring an additional 98,967 shares in the last quarter. Ostrum Asset Management bought a new stake in Robert Half International in the first quarter worth approximately $113,000. Rampart Investment Management Company LLC grew its position in Robert Half International by 112.7% in the first quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock worth $193,000 after acquiring an additional 1,768 shares in the last quarter. TNB Financial bought a new stake in Robert Half International in the second quarter worth approximately $209,000. Finally, YHB Investment Advisors Inc. bought a new stake in Robert Half International in the second quarter worth approximately $225,000. 88.33% of the stock is owned by institutional investors.
RHI has been the subject of several recent research reports. Barclays boosted 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. Zacks Investment Research downgraded shares of Robert Half International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. SunTrust Banks reaffirmed a “hold” rating and set a $76.00 price objective on shares of Robert Half International in a report on Wednesday, July 25th. BMO Capital Markets upped their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, July 25th. Finally, Robert W. Baird upped their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.00.
NYSE RHI opened at $71.26 on Tuesday. The firm has a market cap of $8.86 billion, a P/E ratio of 27.41 and a beta of 1.18. Robert Half International Inc. has a 1 year low of $46.39 and a 1 year high of $79.91.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 24th. The business services provider reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Robert Half International had a net margin of 6.11% and a return on equity of 33.44%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. analysts anticipate that Robert Half International Inc. will post 3.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 24th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, August 23rd. Robert Half International’s payout ratio is currently 43.08%.
Robert Half International Company Profile
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.
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