Trexquant Investment LP boosted its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 150.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,340 shares of the business services provider’s stock after buying an additional 21,226 shares during the period. Trexquant Investment LP’s holdings in Robert Half International were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of RHI. Vanguard Group Inc grew its stake in Robert Half International by 7.8% in the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock valued at $1,026,877,000 after purchasing an additional 1,053,543 shares in the last quarter. BlackRock Inc. grew its stake in Robert Half International by 4.6% in the first quarter. BlackRock Inc. now owns 10,311,422 shares of the business services provider’s stock valued at $671,892,000 after purchasing an additional 450,686 shares in the last quarter. APG Asset Management N.V. grew its stake in Robert Half International by 13.7% in the fourth quarter. APG Asset Management N.V. now owns 2,660,008 shares of the business services provider’s stock valued at $133,099,000 after purchasing an additional 319,900 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in Robert Half International by 0.6% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,560,299 shares of the business services provider’s stock valued at $166,829,000 after purchasing an additional 15,690 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Robert Half International by 21.1% in the fourth quarter. Northern Trust Corp now owns 2,325,059 shares of the business services provider’s stock valued at $132,994,000 after purchasing an additional 405,101 shares in the last quarter. 97.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. BMO Capital Markets lowered their target price on Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Zacks Investment Research downgraded Robert Half International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada initiated coverage on Robert Half International in a research note on Tuesday, April 16th. They set a “sector perform” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $69.40.
Shares of RHI traded up $0.30 during trading hours on Thursday, hitting $55.78. 11,491 shares of the company were exchanged, compared to its average volume of 1,214,308. The company has a market cap of $6.63 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.78 and a beta of 1.33. Robert Half International Inc. has a 52 week low of $52.79 and a 52 week high of $79.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.70 and a current ratio of 1.70.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.02). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.50 billion. Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. On average, research analysts predict that Robert Half International Inc. will post 3.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 2.22%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.
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About Robert Half International
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.
Further Reading: The Role of a Fiduciary and Individual Investors
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