Thrivent Financial for Lutherans Sells 3,041 Shares of Robert Half International Inc. (NYSE:RHI)

Thrivent Financial for Lutherans trimmed its stake in Robert Half International Inc. (NYSE:RHI – Get Rating) by 25.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,145 shares of the business services provider’s stock after selling 3,041 shares during the period. Thrivent Financial for Lutherans’ holdings in Robert Half International were worth $675,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in RHI. Salem Investment Counselors Inc. bought a new position in shares of Robert Half International in the 2nd quarter valued at approximately $28,000. Spire Wealth Management bought a new position in Robert Half International in the 3rd quarter worth approximately $29,000. Signaturefd LLC increased its position in Robert Half International by 48.5% in the 3rd quarter. Signaturefd LLC now owns 438 shares of the business services provider’s stock worth $34,000 after buying an additional 143 shares during the period. Bessemer Group Inc. increased its position in Robert Half International by 85.1% in the 3rd quarter. Bessemer Group Inc. now owns 559 shares of the business services provider’s stock worth $43,000 after buying an additional 257 shares during the period. Finally, Allworth Financial LP increased its position in Robert Half International by 43.1% in the 4th quarter. Allworth Financial LP now owns 588 shares of the business services provider’s stock worth $43,000 after buying an additional 177 shares during the period. 94.13% of the stock is owned by institutional investors.

Robert Half International Price Performance

Shares of RHI stock opened at $67.63 on Thursday. The stock’s fifty day simple moving average is $72.66 and its 200 day simple moving average is $76.13. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.41 and a beta of 1.32. Robert Half International Inc. has a one year low of $65.40 and a one year high of $92.27.

Robert Half International (NYSE:RHI – Get Rating) last announced 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. The business 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%. Robert Half International’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 EPS. On average, research analysts anticipate that Robert Half International Inc. will post 4.44 earnings per share for the current year.

Robert Half International declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 9th that permits the company to buyback 10,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Robert Half International Announces Dividend

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, May 24th. Robert Half International’s dividend payout ratio is currently 34.04%.

Insiders Place Their Bets

In other Robert Half International news, EVP Robert W. Glass sold 12,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 217,049 shares of the company’s stock, valued at $17,567,946.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented 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 research report on Friday, January 27th. StockNews.com started coverage on Robert Half International in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, BMO Capital Markets lowered their price objective 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. 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.