Moody Aldrich Partners LLC lowered its holdings in Robert Half International Inc. (NYSE:RHI) by 15.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,549 shares of the business services provider’s stock after selling 4,247 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Robert Half International were worth $1,244,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Robert Half International by 9.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,073 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 174 shares during the period. Martin Capital Partners LLC boosted its position in shares of Robert Half International by 4.1% during the 2nd quarter. Martin Capital Partners LLC now owns 6,070 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 238 shares in the last quarter. Van ECK Associates Corp increased its stake in Robert Half International by 3.4% in the first quarter. Van ECK Associates Corp now owns 7,393 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 241 shares during the period. American National Bank raised its position in Robert Half International by 3.2% in the first quarter. American National Bank now owns 9,242 shares of the business services provider’s stock worth $349,000 after purchasing an additional 290 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Robert Half International by 4.3% during the first quarter. Oppenheimer & Co. Inc. now owns 8,842 shares of the business services provider’s stock worth $334,000 after purchasing an additional 361 shares during the period. 90.98% of the stock is currently owned by institutional investors.
Robert Half International stock traded down $0.06 during midday trading on Friday, hitting $50.87. 1,166,093 shares of the stock were exchanged, compared to its average volume of 871,854. Robert Half International Inc. has a 52 week low of $32.38 and a 52 week high of $63.84. The stock has a market capitalization of $5.83 billion, a PE ratio of 15.95, a P/E/G ratio of 4.78 and a beta of 1.59. The company has a fifty day simple moving average of $51.80 and a two-hundred day simple moving average of $50.56.
Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Robert Half International had a return on equity of 32.24% and a net margin of 6.42%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the previous year, the firm earned $0.98 EPS. On average, research analysts forecast that Robert Half International Inc. will post 2.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.67%. Robert Half International’s dividend payout ratio (DPR) is presently 34.87%.
Several brokerages recently commented on RHI. Bank of America boosted their price target on Robert Half International from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. CL King lowered their target price on shares of Robert Half International from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. SunTrust Banks lifted their price target on shares of Robert Half International from $40.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Credit Suisse Group reduced their price target on shares of Robert Half International from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, TheStreet raised shares of Robert Half International from a “c+” rating to a “b-” rating in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Robert Half International has a consensus rating of “Hold” and an average target price of $54.44.
Robert Half International Profile
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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