Public Employees Retirement Association of Colorado trimmed its position in Robert Half International Inc. (NYSE:RHI – Get Rating) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,772 shares of the business services provider’s stock after selling 658 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Robert Half International were worth $1,647,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in RHI. Creative Planning raised its position in Robert Half International by 3.1% during the third quarter. Creative Planning now owns 4,921 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 146 shares in the last quarter. BOKF NA purchased a new position in Robert Half International during the third quarter valued at approximately $1,073,000. Nissay Asset Management Corp Japan ADV raised its position in Robert Half International by 2.9% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 13,340 shares of the business services provider’s stock valued at $1,338,000 after acquiring an additional 381 shares in the last quarter. Public Sector Pension Investment Board raised its position in Robert Half International by 6.8% during the third quarter. Public Sector Pension Investment Board now owns 18,892 shares of the business services provider’s stock valued at $1,895,000 after acquiring an additional 1,210 shares in the last quarter. Finally, CI Investments Inc. raised its position in Robert Half International by 119.1% during the third quarter. CI Investments Inc. now owns 11,127 shares of the business services provider’s stock valued at $1,116,000 after acquiring an additional 6,048 shares in the last quarter. Institutional investors own 86.40% of the company’s stock.
Several brokerages have commented on RHI. CL King raised their price objective on Robert Half International from $128.00 to $132.00 in a report on Wednesday, April 27th. StockNews.com raised Robert Half International from a “buy” rating to a “strong-buy” rating in a report on Friday. Bank of America raised Robert Half International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $123.00 to $133.00 in a report on Wednesday, April 27th. Zacks Investment Research lowered Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a report on Wednesday, March 30th. Finally, Truist Financial raised their price objective on Robert Half International from $100.00 to $120.00 in a report on Friday, January 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Robert Half International has an average rating of “Buy” and an average target price of $128.67.
Robert Half International (NYSE:RHI – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.05. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. On average, analysts forecast that Robert Half International Inc. will post 6.4 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Tuesday, May 24th. Robert Half International’s dividend payout ratio (DPR) is currently 29.20%.
In other Robert Half International news, CEO Paul F. Gentzkow sold 50,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following the transaction, the chief executive officer now owns 275,751 shares of the company’s stock, valued at $25,608,995.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.
Robert Half International Company Profile (Get Rating)
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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop 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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