Russell Investments Group Ltd. Has $11.95 Million Position in Robert Half International Inc. (NYSE:RHI)

Russell Investments Group Ltd. lowered its holdings in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,814 shares of the business services provider’s stock after selling 63,831 shares during the quarter. Russell Investments Group Ltd. owned 0.15% of Robert Half International worth $11,950,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RHI. Salem Investment Counselors Inc. acquired a new stake in shares of Robert Half International during the second quarter worth about $28,000. Spire Wealth Management acquired a new stake in shares of Robert Half International during the third quarter worth about $29,000. Signaturefd LLC raised its position in shares of Robert Half International by 48.5% during the third quarter. Signaturefd LLC now owns 438 shares of the business services provider’s stock worth $34,000 after purchasing an additional 143 shares during the period. Bessemer Group Inc. raised its position in shares of Robert Half International by 85.1% during the third quarter. Bessemer Group Inc. now owns 559 shares of the business services provider’s stock worth $43,000 after purchasing an additional 257 shares during the period. Finally, Allworth Financial LP raised its position in shares of Robert Half International by 43.1% during the fourth quarter. Allworth Financial LP now owns 588 shares of the business services provider’s stock worth $43,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 94.13% of the company’s stock.

Robert Half International Stock Down 0.6 %

RHI stock opened at $67.15 on Friday. The business has a 50 day moving average price of $74.66 and a two-hundred day moving average price of $76.58. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 2.40 and a beta of 1.32. Robert Half International Inc. has a twelve month low of $65.40 and a twelve month high of $95.80.

Robert Half International (NYSE:RHI – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Robert Half International had a return on equity of 39.94% and a net margin of 8.57%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. On average, equities research analysts anticipate that Robert Half International Inc. will post 4.49 EPS for the current fiscal year.

Robert Half International declared that its Board of Directors has approved a stock buyback program on Thursday, February 9th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Robert Half International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $1.92 dividend on an annualized basis and a yield of 2.86%. Robert Half International’s dividend payout ratio is 34.04%.

Insider Buying and Selling at Robert Half International

In other Robert Half International news, EVP Robert W. Glass sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $80.94, for a total value of $1,011,750.00. Following the completion of the transaction, the executive vice president now directly owns 217,049 shares in the company, valued at $17,567,946.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Robert W. Glass sold 12,500 shares of Robert Half International stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $80.94, for a total transaction of $1,011,750.00. Following the completion of the transaction, the executive vice president now directly owns 217,049 shares in the company, valued at approximately $17,567,946.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dirk A. Kempthorne sold 3,456 shares of Robert Half International stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $80.54, for a total value of $278,346.24. Following the transaction, the director now owns 10,828 shares of the company’s stock, valued at $872,087.12. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on RHI. BMO Capital Markets dropped their price target on Robert Half International from $79.00 to $78.00 and set a “market perform” rating on the stock in a research report on Monday, January 30th. StockNews.com began coverage on Robert Half International in a report on Thursday, March 16th. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Robert Half International from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, January 27th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.44.

About Robert Half International

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Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following business segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.