Amica Pension Fund Board of Trustees continued to hold its position in shares of Robert Half International Inc. (NYSE:RHI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,453 shares of the business services provider’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Robert Half International were worth $266,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Robert Half International during the fourth quarter worth about $72,161,000. Congress Asset Management Co. MA acquired a new position in shares of Robert Half International during the fourth quarter worth about $54,273,000. Bamco Inc. NY boosted its position in shares of Robert Half International by 601.5% in the third quarter. Bamco Inc. NY now owns 1,016,792 shares of the business services provider’s stock worth $38,496,000 after buying an additional 871,840 shares in the last quarter. APG Asset Management N.V. boosted its position in shares of Robert Half International by 208.7% in the third quarter. APG Asset Management N.V. now owns 888,028 shares of the business services provider’s stock worth $33,621,000 after buying an additional 600,315 shares in the last quarter. Finally, Empire Life Investments Inc. acquired a new position in shares of Robert Half International during the fourth quarter worth about $20,706,000. Institutional investors own 84.04% of the company’s stock.
Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.21% during midday trading on Friday, reaching $46.91. 801,905 shares of the company’s stock were exchanged. The stock has a market cap of $5.99 billion, a PE ratio of 17.70 and a beta of 1.18. Robert Half International Inc. has a 12 month low of $34.34 and a 12 month high of $50.98. The company’s 50 day moving average is $46.85 and its 200-day moving average is $46.26.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Robert Half International had a return on equity of 31.97% and a net margin of 6.54%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Equities analysts forecast that Robert Half International Inc. will post $2.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, May 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 32.96%.
RHI has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Instinet dropped their target price on shares of Robert Half International from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, January 27th. Barclays PLC upgraded shares of Robert Half International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $35.00 to $54.00 in a research report on Tuesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and set a $47.00 target price on shares of Robert Half International in a research report on Friday, January 27th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $44.00 target price on shares of Robert Half International in a research report on Friday, January 27th. Three equities 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 company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.40.
In other news, insider Robert W. Glass sold 22,237 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the sale, the insider now directly owns 326,428 shares in the company, valued at $15,456,365.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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