Teachers Retirement System of The State of Kentucky Acquires 15,847 Shares of Robert Half International Inc. (NYSE:RHI)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 192.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,097 shares of the business services provider’s stock after acquiring an additional 15,847 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Robert Half International were worth $2,752,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of RHI. Capital World Investors purchased a new position in Robert Half International in the first quarter worth about $636,060,000. Wellington Management Group LLP raised its holdings in Robert Half International by 4,173.7% in the first quarter. Wellington Management Group LLP now owns 653,580 shares of the business services provider’s stock worth $74,625,000 after buying an additional 638,287 shares during the last quarter. Royal Bank of Canada raised its holdings in Robert Half International by 60.4% in the first quarter. Royal Bank of Canada now owns 641,260 shares of the business services provider’s stock worth $73,220,000 after buying an additional 241,574 shares during the last quarter. Millennium Management LLC raised its holdings in Robert Half International by 237.0% in the fourth quarter. Millennium Management LLC now owns 299,186 shares of the business services provider’s stock worth $33,365,000 after buying an additional 210,409 shares during the last quarter. Finally, Unigestion Holding SA raised its holdings in Robert Half International by 33.4% in the fourth quarter. Unigestion Holding SA now owns 600,097 shares of the business services provider’s stock worth $66,917,000 after buying an additional 150,320 shares during the last quarter. Institutional investors own 90.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets cut shares of Robert Half International from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $125.00 to $80.00 in a report on Thursday, May 26th. Credit Suisse Group decreased their price objective on shares of Robert Half International to $68.00 in a report on Friday, July 22nd. Bank of America cut shares of Robert Half International from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $133.00 to $67.00 in a report on Thursday, June 23rd. Barclays decreased their price objective on shares of Robert Half International from $105.00 to $80.00 and set an “underweight” rating for the company in a report on Friday, July 22nd. Finally, StockNews.com cut shares of Robert Half International from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 28th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.71.

Robert Half International Trading Up 2.1 %

Shares of RHI stock opened at $78.30 on Tuesday. Robert Half International Inc. has a 12 month low of $73.10 and a 12 month high of $125.77. The stock has a market cap of $8.58 billion, a P/E ratio of 12.71, a P/E/G ratio of 3.42 and a beta of 1.44. The company has a 50 day simple moving average of $78.76 and a two-hundred day simple moving average of $91.15.

Robert Half International (NYSE:RHIGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The business services provider reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. Robert Half International had a net margin of 9.54% and a return on equity of 48.63%. During the same period in the prior year, the business posted $1.33 earnings per share. As a group, equities analysts forecast that Robert Half International Inc. will post 6.33 earnings per share for the current year.

Robert Half International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.20%. Robert Half International’s payout ratio is currently 27.92%.

Insiders Place Their Bets

In other Robert Half International news, EVP Robert W. Glass sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $80.35, for a total value of $803,500.00. Following the completion of the transaction, the executive vice president now directly owns 247,349 shares in the company, valued at $19,874,492.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Robert W. Glass sold 10,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $80.35, for a total transaction of $803,500.00. Following the completion of the transaction, the executive vice president now owns 247,349 shares in the company, valued at $19,874,492.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dirk A. Kempthorne sold 2,662 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $81.13, for a total transaction of $215,968.06. Following the transaction, the director now owns 14,284 shares of the company’s stock, valued at approximately $1,158,860.92. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

About Robert Half International

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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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

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

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