Robert Half International Inc. (RHI) Stake Lessened by Dupont Capital Management Corp
Dupont Capital Management Corp trimmed its holdings in Robert Half International Inc. (NYSE:RHI) by 56.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,438 shares of the business services provider’s stock after selling 28,842 shares during the period. Dupont Capital Management Corp’s holdings in Robert Half International were worth $1,462,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank increased its stake in shares of Robert Half International by 11.1% during the first quarter. Swedbank now owns 1,553,712 shares of the business services provider’s stock worth $101,240,000 after purchasing an additional 155,269 shares during the period. Buffington Mohr McNeal increased its stake in shares of Robert Half International by 17.5% during the first quarter. Buffington Mohr McNeal now owns 12,450 shares of the business services provider’s stock worth $811,000 after purchasing an additional 1,850 shares during the period. Quantamental Technologies LLC increased its stake in shares of Robert Half International by 29.5% during the first quarter. Quantamental Technologies LLC now owns 7,579 shares of the business services provider’s stock worth $494,000 after purchasing an additional 1,727 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Robert Half International during the first quarter worth approximately $205,000. Finally, SG Americas Securities LLC increased its stake in shares of Robert Half International by 238.0% during the first quarter. SG Americas Securities LLC now owns 96,329 shares of the business services provider’s stock worth $6,277,000 after purchasing an additional 67,830 shares during the period. 95.26% of the stock is owned by institutional investors.
In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $66.17, for a total transaction of $4,962,750.00. Following the transaction, the chief operating officer now owns 352,476 shares in the company, valued at approximately $23,323,336.92. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.02). Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business earned $0.80 EPS. Robert Half International’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Robert Half International Inc. will post 3.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.04%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada assumed coverage on Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating on the stock. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. BMO Capital Markets lowered their target price on Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Finally, SunTrust Banks increased their target price on Robert Half International to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and an average price target of $69.40.
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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.
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