Steward Partners Investment Advisory LLC increases its stake in Robert Half International Inc. (NYSE: RHI)
Steward Partners Investment Advisory LLC increased its stake in Robert Half International Inc. (NYSE: RHI – Get Rating) by 3.0% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The company held 11,261 shares of the business services provider after purchasing an additional 331 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Robert Half International were worth $1,286,000 when it last filed with the SEC.
Other institutional investors and hedge funds have also recently changed their stakes in the company. American International Group Inc. raised its position in shares of Robert Half International by 0.5% in the fourth quarter. American International Group Inc. now owns 34,397 shares of the business services provider worth $3,836,000 after purchasing an additional 163 shares during the period. Advisor Partners LLC raised its position in Robert Half International shares by 3.0% in the fourth quarter. Advisor Partners LLC now owns 3,749 shares of the business services provider worth $419,000 after purchasing an additional 109 shares during the period. Zurcher Kantonalbank Zurcher Kantonalbank increased its position in Robert Half International shares by 2.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,723 shares of the business services provider worth $13,327,000 after purchasing an additional 2,659 shares during the period. JustInvest LLC increased its position in Robert Half International by 71.1% during the 4th quarter. JustInvest LLC now owns 8,415 shares of the business services provider valued at $938,000 after acquiring 3,497 additional shares during the period. Finally, Parallel Advisors LLC increased its position in Robert Half International by 24.5% during the 1st quarter. Parallel Advisors LLC now owns 727 shares of the business services provider valued at $86,000 after acquiring an additional 143 shares during the period. 86.40% of the shares are held by hedge funds and other institutional investors.
Insider Trading at Robert Half International
In other news, CEO Paul F. Gentzkow sold 50,000 shares of Robert Half International in a trade that took place on Thursday, May 12. The shares were sold at an average price of $92.87, for a total value of $4,643,500.00. Following the completion of the sale, the CEO now directly owns 275,751 shares of the company, valued at $25,608,995.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company own 2.80% of the shares of the company.
A Wall Street analyst gives his opinion
A number of brokerages have recently released reports on RHI. BMO Capital Markets cut shares of Robert Half International from an “outperforming” rating to a “market performing” rating and lowered its price target for the company from $125.00 to $80.00 in a research report of Thursday, May 26. Truist Financial cut Robert Half International shares from a “hold” rating to a “sell” rating and set a price target of $66.00 for the company. in a research report on Friday, July 15. Barclays lowered its price target on Robert Half International shares from $105.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday. CL King raised its price target on shares of Robert Half International from $128.00 to $132.00 in a research report on Wednesday, April 27. Finally, StockNews.com upgraded shares of Robert Half International from a “strong buy” rating to a “buy” rating in a research report on Saturday, May 28. Three equity research analysts have assigned the stock a sell rating, one has assigned a hold rating and two have assigned the stock a buy rating. Based on MarketBeat data, Robert Half International currently has an average rating of “Hold” and an average price target of $89.43.
Robert Half International Equity Performance
NYSE: RHI opened at $77.05 on Monday. The company has a market capitalization of $8.52 billion, a P/E ratio of 12.51, a P/E/G ratio of 3.55 and a beta of 1.49. Robert Half International Inc. has a fifty-two week low of $73.10 and a fifty-two week high of $125.77. The company has a 50-day simple moving average of $82.54 and a two-hundred-day simple moving average of $101.87.
Robert Half International (NYSE:RHI – Get Rating) last released its quarterly earnings data on Thursday, July 21. The business services provider reported earnings per share of $1.60 for the quarter, beating analyst consensus estimates of $1.59 by $0.01. Robert Half International achieved a net margin of 9.54% and a return on equity of 49.37%. In the same quarter last year, the company posted earnings per share of $1.33. On average, equity research analysts expect Robert Half International Inc. to post EPS of 6.28 for the current year.
Robert Half International announces dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 received a dividend of $0.43. The ex-dividend date was Tuesday, May 24. This represents a dividend of $1.72 on an annualized basis and a dividend yield of 2.23%. Robert Half International’s dividend payout ratio is currently 27.92%.
Robert Half International Profile
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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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