CI Investments Inc. increased its holdings in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 13.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,189 shares of the business services provider’s stock after buying an additional 260 shares during the quarter. CI Investments Inc.’s holdings in Robert Half International were worth $162,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of RHI. Private Advisor Group LLC lifted its position in shares of Robert Half International by 32.1% during the 1st quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after buying an additional 1,150 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Robert Half International by 4.8% during 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 acquiring an additional 676 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Robert Half International by 28.5% during the first quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after acquiring an additional 802 shares during the last quarter. Blair William & Co. IL grew its stake in Robert Half International by 11.8% during the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock worth $8,403,000 after purchasing an additional 7,769 shares during the period. Finally, Aviva PLC grew its stake in Robert Half International by 55.4% during the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock worth $10,603,000 after purchasing an additional 33,095 shares during the period. 94.13% of the stock is currently owned by institutional investors.
In other news, EVP Robert W. Glass sold 12,500 shares of the company’s stock in a transaction dated 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 approximately $17,567,946.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is owned by company insiders.
Robert Half International Price Performance
Robert Half International (NYSE:RHI – Get Rating) last issued its earnings results on Wednesday, April 26th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. Sell-side analysts anticipate that Robert Half International Inc. will post 4.44 earnings per share for the current fiscal year.
Robert Half International announced that its board has authorized a share repurchase plan on Thursday, February 9th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication 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. Stockholders of record on Thursday, May 25th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, May 24th. Robert Half International’s dividend payout ratio (DPR) is presently 34.04%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. BMO Capital Markets decreased their target price on Robert Half International from $79.00 to $78.00 and set a “market perform” rating for the company in a research note on Monday, January 30th. JPMorgan Chase & Co. reduced their price objective on Robert Half International from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. Finally, StockNews.com initiated coverage on Robert Half International in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Robert Half International has a consensus rating of “Hold” and an average price target of $77.44.
About Robert Half International
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.
- Get a free copy of the StockNews.com research report on Robert Half International (RHI)
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