Oppenheimer & Co. Inc. increased its position in shares of Robert Half International Inc. (NYSE:RHI) by 28.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,098 shares of the business services provider’s stock after buying an additional 1,592 shares during the period. Oppenheimer & Co. Inc.’s holdings in Robert Half International were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Alpha Quant Advisors LLC increased its stake in shares of Robert Half International by 125.9% during the 1st quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock worth $33,000 after purchasing an additional 282 shares during the last quarter. Anderson Fisher LLC bought a new stake in Robert Half International in the first quarter valued at approximately $38,000. Thor Advisors LLC acquired a new stake in shares of Robert Half International in the first quarter valued at approximately $72,000. NEXT Financial Group Inc acquired a new stake in shares of Robert Half International in the second quarter valued at approximately $86,000. Finally, Bremer Bank National Association acquired a new stake in shares of Robert Half International in the first quarter valued at approximately $106,000. Institutional investors and hedge funds own 95.34% of the company’s stock.
A number of research analysts recently weighed in on the company. Nomura boosted their target price on Robert Half International from $69.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets increased their price target on Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target for the company. in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Robert Half International has an average rating of “Hold” and an average price target of $68.86.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. Robert Half International had a net margin of 7.64% and a return on equity of 41.46%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half International Inc. will post 3.94 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, August 22nd. Robert Half International’s payout ratio is 34.35%.
About Robert Half International
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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