State Treasurer State of Michigan decreased its holdings in Robert Half International Inc. (NYSE:RHI) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,760 shares of the business services provider’s stock after selling 1,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Robert Half International were worth $2,042,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Robert Half International by 405.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,600 shares during the period. Bremer Trust National Association acquired a new position in Robert Half International in the 3rd quarter valued at $205,000. Smithfield Trust Co. acquired a new position in Robert Half International in the 3rd quarter valued at $206,000. Thrivent Financial For Lutherans increased its stake in Robert Half International by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock valued at $231,000 after buying an additional 110 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in Robert Half International in the 3rd quarter valued at $240,000. Hedge funds and other institutional investors own 83.44% of the company’s stock.
RHI has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $57.00 price target on shares of Robert Half International in a research note on Wednesday, December 27th. Credit Suisse Group upped their price target on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Macquarie cut shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $56.66 to $42.00 in a research note on Tuesday, December 5th. SunTrust Banks upped their price target on shares of Robert Half International to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Finally, Deutsche Bank upped their price target on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, December 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $57.22.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. equities analysts anticipate that Robert Half International Inc. will post 3.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, February 22nd. Robert Half International’s dividend payout ratio is 41.38%.
Robert Half International declared that its board has initiated a share buyback plan on Tuesday, February 13th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In other Robert Half International news, COO Paul F. Gentzkow sold 130,247 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.31, for a total value of $7,334,208.57. Following the transaction, the chief operating officer now directly owns 499,733 shares in the company, valued at approximately $28,139,965.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert W. Glass sold 12,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $56.21, for a total transaction of $674,520.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 347,247 shares of company stock worth $19,552,279. 3.40% of the stock is owned by insiders.
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Robert Half International Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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