Robert Half International Inc. (NYSE:RHI) Position Lowered by US Bancorp DE

US Bancorp DE decreased its stake in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 37.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,267 shares of the business services provider’s stock after selling 6,239 shares during the period. US Bancorp DE’s holdings in Robert Half International were worth $785,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of Robert Half International by 5.7% during the third quarter. Van ECK Associates Corp now owns 18,943 shares of the business services provider’s stock worth $1,449,000 after purchasing an additional 1,023 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in Robert Half International by 4.6% in the third quarter. Prospera Financial Services Inc now owns 38,201 shares of the business services provider’s stock worth $2,922,000 after acquiring an additional 1,666 shares during the last quarter. Synovus Financial Corp lifted its holdings in Robert Half International by 2.8% in the third quarter. Synovus Financial Corp now owns 5,759 shares of the business services provider’s stock worth $443,000 after acquiring an additional 155 shares during the last quarter. CWM LLC lifted its holdings in Robert Half International by 13.5% in the third quarter. CWM LLC now owns 4,960 shares of the business services provider’s stock worth $379,000 after acquiring an additional 591 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in Robert Half International by 6.9% in the third quarter. Achmea Investment Management B.V. now owns 97,109 shares of the business services provider’s stock worth $7,429,000 after acquiring an additional 6,226 shares during the last quarter. Institutional investors own 94.13% of the company’s stock.

Robert Half International Price Performance

NYSE RHI opened at $75.72 on Friday. Robert Half International Inc. has a 12 month low of $65.40 and a 12 month high of $125.77. The firm has a market capitalization of $8.22 billion, a PE ratio of 12.29, a P/E/G ratio of 6.90 and a beta of 1.28. The company’s 50 day simple moving average is $75.37 and its 200 day simple moving average is $77.05.

Robert Half International (NYSE:RHIGet Rating) last posted its quarterly earnings data on Thursday, October 20th. The business services provider reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.12). Robert Half International had a net margin of 9.31% and a return on equity of 46.83%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the business earned $1.53 EPS. Robert Half International’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Robert Half International Inc. will post 6.01 earnings per share for the current fiscal year.

Robert Half International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 25th were given a $0.43 dividend. The ex-dividend date was Wednesday, November 23rd. This represents a $1.72 annualized dividend and a yield of 2.27%. Robert Half International’s dividend payout ratio (DPR) is 27.92%.

Analyst Ratings Changes

RHI has been the topic of a number of recent research reports. BNP Paribas initiated coverage on shares of Robert Half International in a report on Thursday, January 5th. They issued an “underperform” rating and a $70.00 target price on the stock. Credit Suisse Group cut their target price on shares of Robert Half International from $68.00 to $63.00 and set an “underperform” rating on the stock in a report on Friday, October 21st. Robert W. Baird dropped their price target on shares of Robert Half International from $95.00 to $88.00 in a research note on Friday, October 21st. JPMorgan Chase & Co. lowered shares of Robert Half International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $89.00 to $76.00 in a research note on Friday, October 21st. Finally, StockNews.com initiated coverage on shares of Robert Half International in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.78.

Insiders Place Their Bets

In other Robert Half International news, EVP Robert W. Glass sold 15,000 shares of Robert Half International stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $80.84, for a total value of $1,212,600.00. Following the transaction, the executive vice president now owns 232,349 shares in the company, valued at $18,783,093.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Robert Half International 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.

Further Reading

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

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