Fifth Third Bancorp holds a $117,000 equity position in Robert Half International Inc. (NYSE:RHI)


Fifth Third Bancorp increased its stake in Robert Half International Inc. (NYSE: RHI – Get Rating) by 44.8% during the first quarter, reports HoldingsChannel.com. The institutional investor held 1,028 shares of the business services provider after purchasing an additional 318 shares during the period. Fifth Third Bancorp’s holdings in Robert Half International were worth $117,000 at the end of the most recent period.

A number of other institutional investors have also recently changed their holdings in RHI. LPL Financial LLC increased its position in Robert Half International by 26.2% in the third quarter. LPL Financial LLC now owns 14,617 shares of the business services provider valued at $1,467,000 after buying 3,033 additional shares last quarter. Stratos Wealth Partners LTD. increased its position in Robert Half International by 10.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 3,982 shares of the business services provider valued at $444,000 after buying 381 additional shares last quarter. Precision Wealth Strategies LLC acquired a new stake in Robert Half International in the fourth quarter valued at approximately $659,000. Swarthmore Group Inc. acquired a new stake in Robert Half International in the fourth quarter valued at approximately $5,440,000. Finally, AE Wealth Management LLC increased its position in Robert Half International by 3.9% in the fourth quarter. AE Wealth Management LLC now owns 8,553 shares of the business services provider valued at $954,000 after buying 320 additional shares last quarter. Hedge funds and other institutional investors hold 86.40% of the company’s shares.

In related news, CEO Paul F. Gentzkow sold 50,000 shares of Robert Half International in a trade Thursday, May 12. The shares were sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following completion of the transaction, the CEO now owns 275,751 shares of the company, valued at $25,608,995.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. 2.80% of the shares are held by insiders of the company.

RHI stock opened at $78.52 on Friday. Robert Half International Inc. has a 52-week low of $73.10 and a 52-week high of $125.77. The company has a fifty-day moving average price of $86.15 and a 200-day moving average price of $104.24. The company has a market capitalization of $8.68 billion, a P/E ratio of 13.33, a PEG ratio of 3.64 and a beta of 1.49.

Robert Half International (NYSE: RHI – Get Rating) last announced its results on Tuesday, April 26. The business services provider reported earnings per share of $1.52 for the quarter, beating analyst consensus estimates of $1.47 by $0.05. Robert Half International achieved a net margin of 9.54% and a return on equity of 48.53%. The company posted revenue of $1.81 billion in the quarter, versus a consensus estimate of $1.80 billion. In the same quarter last year, the company earned $0.98 per share. Robert Half International’s quarterly revenue increased 29.8% year over year. As a group, sell-side analysts expect Robert Half International Inc. to post earnings per share of 6.35 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Wednesday, May 25 received a dividend of $0.43 per share. This represents a dividend of $1.72 on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, May 24. Robert Half International’s dividend payout ratio is currently 29.20%.

A number of brokerages have weighed in on RHI. BMO Capital Markets downgraded shares of Robert Half International from an ‘outperforming’ rating to a ‘market performing’ rating and cut its target price for the company from $125.00 to $80.00 in a report research on Thursday, May 26. Bank of America downgraded shares of Robert Half International from a “buy” rating to an “underperform” rating and lowered its price target for the company from $133.00 to $67.00 in a rating of search for Thursday, June 23. StockNews.com downgraded shares of Robert Half International from a “strong buy” rating to a “buy” rating in a Saturday, May 28 research rating. Finally, CL King raised its price target on shares of Robert Half International from $128.00 to $132.00 in a research note on Wednesday, April 27. One analyst rated the stock with a sell rating, two issued a hold rating and two issued a buy rating for the stock. According to data from MarketBeat, Robert Half International currently has a consensus rating of “Hold” and an average price target of $106.40.

Robert Half International Profile (Get an evaluation)

Robert Half International Inc provides recruitment and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates through three segments: Temporary Staff and Consultants, Permanent Placement, and Risk and Internal Audit Advisory Services. He places temporary services for accounting, finance and bookkeeping; temporary and full-time clerical and administrative staff consisting of executive and administrative assistants, receptionists and customer service representatives; full-time accounting, finance, tax and accounting staff; and contract information technology professionals and full-time employees in the areas of platform systems integration to end-user desktop and technical 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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Want to see what other hedge funds hold RHI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Robert Half International Inc. (NYSE: RHI – Get Rating).

Institutional ownership by quarter for Robert Half International (NYSE: RHI)



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