MetLife Investment Management LLC Acquires 9,423 Shares of Robert Half International Inc. (NYSE:RHI)

MetLife Investment Management LLC lifted its holdings in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 38.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,019 shares of the business services provider’s stock after purchasing an additional 9,423 shares during the quarter. MetLife Investment Management LLC’s holdings in Robert Half International were worth $3,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RHI. Steward Financial Group LLC acquired a new position in Robert Half International in the 1st quarter valued at $29,000. Covestor Ltd acquired a new position in Robert Half International in the fourth quarter valued at about $30,000. UMB Bank N A MO bought a new stake in Robert Half International during the fourth quarter worth about $39,000. Alpha Paradigm Partners LLC acquired a new stake in Robert Half International during the fourth quarter worth about $75,000. Finally, Parallel Advisors LLC increased its holdings in Robert Half International by 24.5% in the 1st quarter. Parallel Advisors LLC now owns 727 shares of the business services provider’s stock valued at $86,000 after buying an additional 143 shares during the period. 90.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Robert Half International

In other news, Director Dirk A. Kempthorne sold 2,662 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $81.13, for a total value of $215,968.06. Following the transaction, the director now directly owns 14,284 shares of the company’s stock, valued at approximately $1,158,860.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Robert Half International news, Director Dirk A. Kempthorne sold 2,662 shares of Robert Half International stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $81.13, for a total value of $215,968.06. Following the completion of the sale, the director now directly owns 14,284 shares in the company, valued at $1,158,860.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert W. Glass sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $80.35, for a total value of $803,500.00. Following the transaction, the executive vice president now owns 247,349 shares in the company, valued at $19,874,492.15. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RHI. BMO Capital Markets downgraded shares of Robert Half International from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $125.00 to $80.00 in a report on Thursday, May 26th. Truist Financial downgraded Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 target price on the stock. in a report on Friday, July 15th. StockNews.com cut Robert Half International from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 28th. Credit Suisse Group reduced their price objective on Robert Half International to $68.00 in a research note on Friday, July 22nd. Finally, CL King lowered their target price on Robert Half International from $132.00 to $120.00 in a research note on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.71.

Robert Half International Trading Up 0.3 %

Shares of RHI stock opened at $77.35 on Thursday. 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 cap of $8.48 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.39 and a beta of 1.44. The stock has a 50-day moving average of $78.49 and a 200-day moving average of $93.69.

Robert Half International (NYSE:RHIGet Rating) last released its earnings results on Thursday, July 21st. The business services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $1.33 EPS. Sell-side analysts forecast that Robert Half International Inc. will post 6.33 earnings per share for the current year.

Robert Half International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.72 annualized dividend and a yield of 2.22%. Robert Half International’s payout ratio is 27.92%.

Robert Half International Company Profile

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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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