Belpointe Asset Management LLC Buys Shares of 1,020 Robert Half International Inc. (NYSE:RHI)

Belpointe Asset Management LLC purchased a new stake in Robert Half International Inc. (NYSE:RHI – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,020 shares of the business services provider’s stock, valued at approximately $75,000.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in Robert Half International by 32.1% during the first quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after buying an additional 1,150 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Robert Half International by 4.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock worth $1,673,000 after purchasing an additional 676 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in Robert Half International by 28.5% during the first quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after purchasing an additional 802 shares during the last quarter. Blair William & Co. IL lifted its stake in Robert Half International by 11.8% during the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock worth $8,403,000 after purchasing an additional 7,769 shares during the last quarter. Finally, Aviva PLC lifted its stake in Robert Half International by 55.4% during the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock worth $10,603,000 after purchasing an additional 33,095 shares during the last quarter. 94.13% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half International Price Performance

RHI opened at $68.36 on Friday. The business has a 50 day simple moving average of $73.16 and a two-hundred day simple moving average of $76.26. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 2.42 and a beta of 1.32. Robert Half International Inc. has a one year low of $65.40 and a one year high of $92.27.

Robert Half International (NYSE:RHI – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. Robert Half International had a return on equity of 39.94% and a net margin of 8.57%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $1.52 EPS. Robert Half International’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Robert Half International Inc. will post 4.44 EPS for the current fiscal year.

Robert Half International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. Robert Half International’s dividend payout ratio (DPR) is 34.04%.

Robert Half International announced that its board has authorized a stock repurchase program on Thursday, February 9th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on Robert Half International from $79.00 to $78.00 and set a “market perform” rating for the company in a research note on Monday, January 30th. StockNews.com assumed coverage on Robert Half International in a research note on Thursday. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half International from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.44.

Insiders Place Their Bets

In other Robert Half International news, EVP Robert W. Glass sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $80.94, for a total transaction of $1,011,750.00. Following the transaction, the executive vice president now owns 217,049 shares in the company, valued at approximately $17,567,946.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Dirk A. Kempthorne sold 3,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $80.54, for a total value of $278,346.24. Following the sale, the director now owns 10,828 shares in the company, valued at approximately $872,087.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert W. Glass sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $80.94, for a total value of $1,011,750.00. Following the completion of the sale, the executive vice president now owns 217,049 shares in the company, valued at approximately $17,567,946.06. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Robert Half International Profile

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Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following business segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and 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.