Advisors Asset Management Inc. Purchases 1,302 Shares of Robert Half International Inc. (NYSE:RHI)

Advisors Asset Management Inc. grew its position in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 41.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,421 shares of the business services provider’s stock after acquiring an additional 1,302 shares during the period. Advisors Asset Management Inc.’s holdings in Robert Half International were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RHI. Capital World Investors bought a new position in Robert Half International in the first quarter worth about $636,060,000. Wellington Management Group LLP raised its stake 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 in the last quarter. Los Angeles Capital Management LLC raised its stake in Robert Half International by 53.0% in the second quarter. Los Angeles Capital Management LLC now owns 1,064,707 shares of the business services provider’s stock worth $79,736,000 after buying an additional 368,956 shares in the last quarter. Royal Bank of Canada raised its stake 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 in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Robert Half International by 3,825.2% in the second quarter. Janney Montgomery Scott LLC now owns 196,929 shares of the business services provider’s stock worth $14,878,000 after buying an additional 191,912 shares in the last quarter. 90.96% of the stock is owned by institutional investors.

Robert Half International Stock Down 0.1 %

NYSE:RHI opened at $75.50 on Friday. The company’s 50 day moving average price is $77.19 and its 200-day moving average price is $80.51. Robert Half International Inc. has a 52 week low of $65.40 and a 52 week high of $125.77. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 5.69 and a beta of 1.31.

Robert Half International (NYSE:RHIGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The business services provider reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.12). Robert Half International had a net margin of 9.31% and a return on equity of 46.83%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Robert Half International Inc. will post 6.01 earnings per share for the current year.

Robert Half International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 23rd. Robert Half International’s dividend payout ratio is currently 27.92%.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 10,000 shares of the firm’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 sale, the executive vice president now owns 247,349 shares in the company, valued at $19,874,492.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Robert W. Glass sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $80.84, for a total value of $1,212,600.00. Following the sale, the executive vice president now owns 232,349 shares in the company, valued at $18,783,093.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert W. Glass sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $80.35, for a total transaction of $803,500.00. Following the completion of the sale, the executive vice president now owns 247,349 shares in the company, valued at approximately $19,874,492.15. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Credit Suisse Group decreased their price target on shares of Robert Half International from $68.00 to $63.00 and set an “underperform” rating for the company in a research note on Friday, October 21st. StockNews.com initiated coverage on shares of Robert Half International in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Barclays decreased their target price on shares of Robert Half International from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. JPMorgan Chase & Co. downgraded shares of Robert Half International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $89.00 to $76.00 in a research note on Friday, October 21st. Finally, CL King decreased their target price on shares of Robert Half International from $132.00 to $120.00 in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $78.75.

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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