Robert Half International Inc. (NYSE:RHI) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 42.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,620 shares of the business services provider’s stock after buying an additional 28,380 shares during the period. Raymond James & Associates owned approximately 0.09% of Robert Half International worth $7,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RHI. Private Advisor Group LLC lifted its position in Robert Half International by 32.1% in the first quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after purchasing an additional 1,150 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Robert Half International by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock worth $1,673,000 after purchasing an additional 676 shares during the period. Vontobel Holding Ltd. lifted its position in Robert Half International by 28.5% in the first quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after purchasing an additional 802 shares during the period. Blair William & Co. IL increased its holdings in shares of Robert Half International by 11.8% in the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock valued at $8,403,000 after buying an additional 7,769 shares in the last quarter. Finally, Aviva PLC increased its holdings in shares of Robert Half International by 55.4% in the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock valued at $10,603,000 after buying an additional 33,095 shares in the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RHI. JPMorgan Chase & Co. dropped their price target on Robert Half International from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. StockNews.com began coverage on shares of Robert Half International in a research note on Thursday. They set a “buy” rating on the stock. Finally, BMO Capital Markets cut their target price on shares of Robert Half International from $79.00 to $78.00 and set a “market perform” rating on the stock in a research note on Monday, January 30th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Robert Half International has an average rating of “Hold” and an average target price of $77.44.

Insiders Place Their Bets

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

Robert Half International Stock Down 0.3 %

Robert Half International stock opened at $68.36 on Friday. The company’s fifty day simple moving average is $73.16 and its 200-day simple moving average is $76.26. Robert Half International Inc. has a 12 month low of $65.40 and a 12 month high of $92.27. The stock has a market cap of $7.37 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.42 and a beta of 1.32.

Robert Half International (NYSE:RHI – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. Robert Half International had a net margin of 8.57% and a return on equity of 39.94%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company posted $1.52 EPS. Robert Half International’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts expect that Robert Half International Inc. will post 4.44 earnings per share for the current fiscal year.

Robert Half International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, May 24th. Robert Half International’s payout ratio is 34.04%.

Robert Half International announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 9th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Robert Half International Company Profile

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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.