Nordea Investment Management AB reduced its position in Robert Half International Inc. (NYSE: RHI – Get a rating) by 8.8% in the first quarter, according to its last disclosure to the SEC. The institutional investor held 80,307 shares of the business services provider after selling 7,780 shares during the period. Nordea Investment Management AB’s holdings in Robert Half International were worth $9,390,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of RHI. Consolidated Planning Corp bought a new position in Robert Half International in the third quarter worth about $26,000. Covestor Ltd bought a new position in Robert Half International in the fourth quarter worth around $30,000. UMB Bank NA MO bought a new position in Robert Half International in the fourth quarter worth around $39,000. Benjamin F. Edwards & Company Inc. purchased a new equity stake in Robert Half International during the fourth quarter valued at approximately $44,000. Finally, Allworth Financial LP purchased a new equity stake in Robert Half International during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds hold 86.40% of the company’s shares.
In other news from Robert Half International, CEO Paul F. Gentzkow sold 50,000 shares of Robert Half International in a transaction that took place on Thursday, May 12. The shares were sold at an average price of $92.87, for a total value of $4,643,500.00. As a result of the transaction, the CEO now owns 275,751 shares of the company, valued at $25,608,995.37. The transaction was disclosed in an SEC filing, available at this link. Insiders hold 2.80% of the shares of the company.
Robert Half International stock opened at $77.90 on Friday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 13.23, a growth price-to-earnings ratio of 1.32, and a beta of 1.46. Robert Half International Inc. has a 1-year low of $73.39 and a 1-year high of $125.77. The company’s 50-day moving average price is $92.52 and its two-hundred-day moving average price is $106.40.
Robert Half International (NYSE: RHI – Get a rating) last released its quarterly results on Tuesday, April 26. The business services provider reported earnings per share (EPS) of $1.52 for the quarter, beating the consensus estimate of $1.47 by $0.05. The company posted revenue of $1.81 billion for the quarter, compared to analysts’ estimates of $1.80 billion. Robert Half International achieved a net margin of 9.54% and a return on equity of 48.53%. The company’s quarterly revenue increased by 29.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings of $0.98 per share. Analysts predict that Robert Half International Inc. will post EPS of 6.4 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 received a dividend of $0.43. The ex-dividend date was Tuesday, May 24. This represents an annualized dividend of $1.72 and a yield of 2.21%. Robert Half International’s dividend payout ratio (DPR) is 29.20%.
A number of equity research analysts have weighed in on the company recently. BMO Capital Markets upgraded Robert Half International from an “outperform” rating to a “market performance” rating and cut its price target for the company from $125.00 to $80.00 in a report from the Thursday, May 26. StockNews.com upgraded Robert Half International from a “Strong Buy” rating to a “Buy” rating in a Saturday, May 28, report. Bank of America upgraded Robert Half International from a “buy” rating to an “underperform” rating and cut its price target for the company from $133.00 to $67.00 in a report released Thursday. Finally, CL King raised its target price on Robert Half International from $128.00 to $132.00 in a Wednesday, April 27 report. One equity research analyst gave the stock a sell rating, two issued a hold rating and two issued a buy rating for the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.40.
About Robert Half International (Get a rating)
Robert Half International Inc provides recruitment and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates through three segments: Temporary Staff and Consultants, Permanent Placement, and Risk and Internal Audit Advisory Services. He places temporary services for accounting, finance and bookkeeping; temporary and full-time clerical and administrative staff consisting of executive and administrative assistants, receptionists and customer service representatives; full-time accounting, finance, tax and accounting staff; and contract information technology professionals and full-time employees in the areas of platform systems integration to end-user desktop and technical support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.
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