Exane Derivatives Raises Stock Position in Robert Half International Inc. (NYSE:RHI)

Exane Derivatives raised its stake in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 78.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,463 shares of the business services provider’s stock after purchasing an additional 1,082 shares during the quarter. Exane Derivatives’ holdings in Robert Half International were worth $184,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Robert Half International by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 13,674,644 shares of the business services provider’s stock valued at $1,561,370,000 after purchasing an additional 42,681 shares during the period. Capital World Investors bought a new stake in shares of Robert Half International during the 1st quarter valued at $636,060,000. State Street Corp boosted its holdings in shares of Robert Half International by 0.7% during the 4th quarter. State Street Corp now owns 5,327,676 shares of the business services provider’s stock valued at $594,142,000 after buying an additional 38,114 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Robert Half International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,318,613 shares of the business services provider’s stock valued at $258,007,000 after buying an additional 10,312 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Robert Half International by 5.2% during the 1st quarter. Acadian Asset Management LLC now owns 2,233,387 shares of the business services provider’s stock valued at $254,975,000 after buying an additional 110,088 shares in the last quarter. 90.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robert Half International

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

Wall Street Analyst Weigh In

RHI has been the topic of a number of research reports. Truist Financial cut shares of 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. Credit Suisse Group dropped their target price on shares of Robert Half International to $68.00 in a report on Friday, July 22nd. BMO Capital Markets cut shares of Robert Half International from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $125.00 to $80.00 in a report on Thursday, May 26th. CL King dropped their target price on shares of Robert Half International from $132.00 to $120.00 in a report on Monday, July 25th. Finally, Barclays dropped their target price 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. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.71.

Robert Half International Price Performance

Shares of Robert Half International stock opened at $76.61 on Wednesday. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 3.42 and a beta of 1.44. The firm’s 50-day moving average is $78.75 and its 200 day moving average is $91.05. Robert Half International Inc. has a 1 year low of $73.10 and a 1 year high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last posted its earnings results on Thursday, July 21st. The business services provider reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business earned $1.33 EPS. On average, equities analysts expect that Robert Half International Inc. will post 6.33 EPS for the current fiscal year.

Robert Half International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.25%. The ex-dividend date was Wednesday, August 24th. Robert Half International’s dividend payout ratio is currently 27.92%.

Robert Half International Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHIGet Rating).

Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.