Vanguard Group Inc. lifted its stake in Robert Half International Inc. (NYSE:RHI) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,867,434 shares of the business services provider’s stock after purchasing an additional 222,067 shares during the period. Vanguard Group Inc. owned 0.11% of Robert Half International worth $1,144,817,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. GWM Advisors LLC acquired a new position in Robert Half International during the second quarter worth approximately $22,196,000. State of Wisconsin Investment Board boosted its stake in shares of Robert Half International by 232.4% in the first quarter. State of Wisconsin Investment Board now owns 329,047 shares of the business services provider’s stock valued at $25,689,000 after buying an additional 230,058 shares during the period. HRT Financial LP boosted its stake in shares of Robert Half International by 3,071.5% in the first quarter. HRT Financial LP now owns 237,130 shares of the business services provider’s stock valued at $18,512,000 after buying an additional 229,653 shares during the period. Morgan Stanley boosted its stake in shares of Robert Half International by 29.8% in the first quarter. Morgan Stanley now owns 858,778 shares of the business services provider’s stock valued at $67,044,000 after buying an additional 197,406 shares during the period. Finally, Citigroup Inc. lifted its stake in Robert Half International by 165.3% during the first quarter. Citigroup Inc. now owns 301,818 shares of the business services provider’s stock worth $23,563,000 after purchasing an additional 188,037 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.
RHI has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Robert Half International from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Monday, July 26th. Truist increased their price objective on shares of Robert Half International from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, July 23rd. Finally, Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a research note on Wednesday, September 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Robert Half International presently has an average rating of “Hold” and a consensus target price of $91.38.
Robert Half International (NYSE:RHI) last posted its earnings results on Thursday, July 22nd. The business services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.28. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.47 billion. Robert Half International had a net margin of 7.86% and a return on equity of 35.42%. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities analysts forecast that Robert Half International Inc. will post 5.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, August 25th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, August 24th. Robert Half International’s dividend payout ratio (DPR) is 56.30%.
In other Robert Half International news, EVP Robert W. Glass sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 19th. The shares were sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the transaction, the executive vice president now owns 258,206 shares of the company’s stock, valued at approximately $26,076,223.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
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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