Envestnet Asset Management Inc. Has $13.51 Million Stake in Robert Half International Inc. (NYSE:RHI)

Envestnet Asset Management Inc. lowered its stake in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 0.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 118,301 shares of the business services provider’s stock after selling 825 shares during the period. Envestnet Asset Management Inc. owned approximately 0.11% of Robert Half International worth $13,508,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American International Group Inc. boosted its stake in Robert Half International by 0.5% during the 4th quarter. American International Group Inc. now owns 34,397 shares of the business services provider’s stock valued at $3,836,000 after purchasing an additional 163 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of Robert Half International by 3.0% in the 4th quarter. Advisor Partners LLC now owns 3,749 shares of the business services provider’s stock worth $419,000 after buying an additional 109 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Robert Half International by 2.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,723 shares of the business services provider’s stock worth $13,327,000 after buying an additional 2,659 shares during the last quarter. JustInvest LLC boosted its stake in shares of Robert Half International by 71.1% in the 4th quarter. JustInvest LLC now owns 8,415 shares of the business services provider’s stock worth $938,000 after buying an additional 3,497 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Robert Half International by 24.5% in the 1st quarter. Parallel Advisors LLC now owns 727 shares of the business services provider’s stock worth $86,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.

Insider Activity

In other news, CEO Paul F. Gentzkow sold 50,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following the completion of the transaction, the chief executive officer now directly owns 275,751 shares in the company, valued at approximately $25,608,995.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RHI. StockNews.com downgraded Robert Half International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 28th. BMO Capital Markets cut shares of Robert Half International from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $125.00 to $80.00 in a report on Thursday, May 26th. Truist Financial cut shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target on the stock. in a report on Friday, July 15th. Barclays lowered their price target on shares of Robert Half International from $105.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday, July 22nd. Finally, CL King lowered their price target on shares of Robert Half International from $132.00 to $120.00 in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.71.

Robert Half International Price Performance

Shares of RHI stock opened at $78.86 on Friday. The company’s fifty day simple moving average is $80.38 and its two-hundred day simple moving average is $99.68. Robert Half International Inc. has a 1 year low of $73.10 and a 1 year high of $125.77. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 3.57 and a beta of 1.45.

Robert Half International (NYSE:RHIGet Rating) last issued its earnings results on Thursday, July 21st. The business services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Robert Half International had a net margin of 9.54% and a return on equity of 48.63%. During the same quarter in the previous year, the firm posted $1.33 EPS. Equities research analysts anticipate that Robert Half International Inc. will post 6.33 EPS for the current year.

Robert Half International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.18%. Robert Half International’s dividend payout ratio (DPR) is currently 27.92%.

About Robert Half International

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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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop 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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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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