State of Wisconsin Investment Board Purchases 13,098 Shares of Robert Half International Inc. (RHI)
State of Wisconsin Investment Board raised its position in shares of Robert Half International Inc. (NYSE:RHI) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,340 shares of the business services provider’s stock after purchasing an additional 13,098 shares during the period. State of Wisconsin Investment Board owned 0.14% of Robert Half International worth $8,726,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Seven Eight Capital LP raised its stake in shares of Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after purchasing an additional 114 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Robert Half International in the 2nd quarter valued at approximately $197,000. Hikari Power Ltd bought a new position in shares of Robert Half International in the 2nd quarter valued at approximately $204,000. Finally, Bremer Trust National Association bought a new position in shares of Robert Half International in the 3rd quarter valued at approximately $205,000. 83.92% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on RHI shares. Zacks Investment Research raised Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BidaskClub downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Robert W. Baird raised their price objective on Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. downgraded Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, October 11th. Finally, Credit Suisse Group raised their price objective on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Robert Half International has a consensus rating of “Hold” and a consensus price target of $51.88.
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Shares of Robert Half International Inc. (NYSE RHI) opened at $54.90 on Friday. The stock has a market capitalization of $6,930.00, a P/E ratio of 20.98 and a beta of 1.29. Robert Half International Inc. has a fifty-two week low of $42.92 and a fifty-two week high of $55.22.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. equities research analysts predict that Robert Half International Inc. will post 2.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is currently 37.50%.
In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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