Pinnacle Financial Partners Inc. Takes Position in Robert Half International Inc. (RHI)

Pinnacle Financial Partners Inc. bought a new stake in Robert Half International Inc. (NYSE:RHI) during the second quarter, Holdings Channel reports. The institutional investor bought 76,788 shares of the business services provider’s stock, valued at approximately $3,680,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Robert Half International by 6.4% in the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock valued at $120,000 after buying an additional 148 shares during the last quarter. TrimTabs Asset Management LLC increased its position in Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC bought a new position in Robert Half International during the first quarter valued at about $148,000. Ameritas Investment Partners Inc. bought a new position in Robert Half International during the first quarter valued at about $152,000. Finally, Daiwa Securities Group Inc. increased its position in Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock valued at $176,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Robert Half International Inc. (NYSE:RHI) opened at 43.41 on Friday. Robert Half International Inc. has a one year low of $34.42 and a one year high of $50.98. The firm has a market capitalization of $5.41 billion, a price-to-earnings ratio of 16.83 and a beta of 1.23. The company has a 50-day moving average of $46.82 and a 200 day moving average of $47.18.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts anticipate that Robert Half International Inc. will post $2.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a yield of 2.21%. Robert Half International’s dividend payout ratio is presently 37.21%.

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Several research analysts have recently issued reports on RHI shares. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a report on Friday, April 21st. BidaskClub cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a research note on Friday, July 14th. Finally, ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Robert Half International presently has a consensus rating of “Hold” and a consensus price target of $47.25.

About Robert Half International

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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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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