Texas Permanent School Fund increased its holdings in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 2.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,597 shares of the business services provider’s stock after purchasing an additional 396 shares during the quarter. Texas Permanent School Fund’s holdings in Robert Half International were worth $1,093,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Venture Visionary Partners LLC purchased a new position in Robert Half International in the 2nd quarter worth approximately $29,000. Tobam purchased a new position in Robert Half International in the 2nd quarter worth approximately $30,000. Ellevest Inc. boosted its holdings in Robert Half International by 184.6% in the 2nd quarter. Ellevest Inc. now owns 444 shares of the business services provider’s stock worth $33,000 after acquiring an additional 288 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Robert Half International by 1,595.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 729 shares of the business services provider’s stock worth $54,000 after acquiring an additional 686 shares during the period. Finally, Archer Investment Corp purchased a new position in Robert Half International in the 2nd quarter worth approximately $65,000. Institutional investors and hedge funds own 90.96% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on RHI. Robert W. Baird decreased their price target on Robert Half International from $95.00 to $88.00 in a report on Friday, October 21st. StockNews.com began coverage on Robert Half International in a report on Wednesday, October 12th. They issued a “buy” rating for the company. CL King reduced their target price on Robert Half International from $132.00 to $120.00 in a research note on Monday, July 25th. Barclays reduced their target price on Robert Half International from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, October 24th. Finally, JPMorgan Chase & Co. cut Robert Half International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $89.00 to $76.00 in a research note on Friday, October 21st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.75.
Robert Half International Price Performance
Robert Half International (NYSE:RHI – Get Rating) last announced its quarterly earnings data on Thursday, October 20th. The business services provider reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.12). Robert Half International had a return on equity of 46.83% and a net margin of 9.31%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the business earned $1.53 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, research analysts anticipate that Robert Half International Inc. will post 6.01 earnings per share for the current fiscal year.
Robert Half International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 23rd. Robert Half International’s dividend payout ratio is presently 27.92%.
Insiders Place Their Bets
In other Robert Half International news, EVP Robert W. Glass sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 247,349 shares of the company’s stock, valued at $19,874,492.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Robert W. Glass sold 15,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $80.84, for a total transaction of $1,212,600.00. Following the transaction, the executive vice president now directly owns 232,349 shares of the company’s stock, valued at $18,783,093.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert W. Glass sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $80.35, for a total value of $803,500.00. Following the transaction, the executive vice president now directly owns 247,349 shares in the company, valued at $19,874,492.15. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.
Robert Half International Profile
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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