Morgan Stanley raised its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 661,372 shares of the business services provider’s stock after acquiring an additional 158,739 shares during the period. Morgan Stanley’s holdings in Robert Half International were worth $41,322,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Neo Ivy Capital Management raised its stake in Robert Half International by 369.6% during the 4th quarter. Neo Ivy Capital Management now owns 4,090 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 3,219 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in Robert Half International by 716.7% during the 4th quarter. Tudor Investment Corp Et Al now owns 107,504 shares of the business services provider’s stock valued at $6,717,000 after acquiring an additional 94,340 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Robert Half International by 44.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,774,500 shares of the business services provider’s stock valued at $110,862,000 after acquiring an additional 544,332 shares in the last quarter. Schroder Investment Management Group raised its stake in Robert Half International by 22.5% during the 4th quarter. Schroder Investment Management Group now owns 1,564,639 shares of the business services provider’s stock valued at $97,759,000 after acquiring an additional 286,900 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Robert Half International by 221.3% during the 4th quarter. Janus Henderson Group PLC now owns 508,616 shares of the business services provider’s stock valued at $31,778,000 after acquiring an additional 350,327 shares in the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RHI stock opened at $79.58 on Thursday. Robert Half International Inc. has a 1-year low of $38.95 and a 1-year high of $83.50. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 4.54 and a beta of 1.65. The stock’s fifty day simple moving average is $77.43 and its 200-day simple moving average is $65.45.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Thursday, January 28th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. Robert Half International had a return on equity of 28.09% and a net margin of 6.08%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Robert Half International’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, analysts anticipate that Robert Half International Inc. will post 2.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Thursday, February 25th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 24th. This represents a $1.52 dividend on an annualized basis and a yield of 1.91%. This is an increase from Robert Half International’s previous quarterly dividend of $0.34. Robert Half International’s payout ratio is 38.97%.

A number of analysts have recently commented on the company. Credit Suisse Group boosted their price objective on Robert Half International from $50.00 to $60.00 and gave the stock an “underperform” rating in a research note on Friday, January 29th. Barclays boosted their price objective on Robert Half International from $42.00 to $85.00 and gave the stock an “underweight” rating in a research note on Monday, March 1st. BMO Capital Markets boosted their price objective on Robert Half International from $73.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Robert W. Baird boosted their price objective on Robert Half International from $66.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, January 4th. Finally, Truist boosted their price objective on Robert Half International from $52.00 to $67.00 in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $68.11.

Robert Half International Profile

Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.

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

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