Raymond James Financial Services Advisors Inc. trimmed its position in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 15.2% during the fourth quarter, HoldingsChannel reports. The fund owned 40,798 shares of the business services provider’s stock after selling 7,327 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Robert Half International were worth $3,012,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in RHI. Salem Investment Counselors Inc. acquired a new position in shares of Robert Half International during the second quarter worth about $28,000. Spire Wealth Management acquired a new position in shares of Robert Half International during the third quarter worth about $29,000. Signaturefd LLC increased its stake in shares of Robert Half International by 48.5% during the third quarter. Signaturefd LLC now owns 438 shares of the business services provider’s stock worth $34,000 after acquiring an additional 143 shares during the period. Bessemer Group Inc. increased its stake in shares of Robert Half International by 85.1% during the third quarter. Bessemer Group Inc. now owns 559 shares of the business services provider’s stock worth $43,000 after acquiring an additional 257 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Robert Half International by 43.1% during the fourth quarter. Allworth Financial LP now owns 588 shares of the business services provider’s stock worth $43,000 after acquiring an additional 177 shares during the period. 94.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
RHI has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Robert Half International in a research report on Thursday. They set a “buy” rating on the stock. BMO Capital Markets lowered their target price on shares of Robert Half International from $79.00 to $78.00 and set a “market perform” rating on the stock in a research report on Monday, January 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Robert Half International from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. Four 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.44.
Insiders Place Their Bets
Robert Half International Price Performance
RHI stock opened at $68.36 on Monday. The firm has a market capitalization of $7.37 billion, a PE ratio of 12.12, a P/E/G ratio of 2.42 and a beta of 1.32. The company’s 50 day simple moving average is $73.16 and its 200-day simple moving average is $76.26. Robert Half International Inc. has a 12 month low of $65.40 and a 12 month high of $92.27.
Robert Half International (NYSE:RHI – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Robert Half International had a net margin of 8.57% and a return on equity of 39.94%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. As a group, sell-side analysts anticipate that Robert Half International Inc. will post 4.44 earnings per share for the current year.
Robert Half International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, May 24th. Robert Half International’s dividend payout ratio is currently 34.04%.
Robert Half International announced that its board has authorized a stock buyback program on Thursday, February 9th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
About Robert Half International
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.
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