Alps Advisors Inc. lessened its stake in Robert Half International Inc. (NYSE:RHI) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,876 shares of the business services provider’s stock after selling 308 shares during the quarter. Alps Advisors Inc.’s holdings in Robert Half International were worth $335,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Quant Advisors LLC increased its position in Robert Half International by 125.9% during the 1st quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock worth $33,000 after buying an additional 282 shares during the period. Anderson Fisher LLC bought a new position in shares of Robert Half International in the first quarter worth $38,000. Thor Advisors LLC acquired a new stake in Robert Half International in the first quarter valued at about $72,000. NEXT Financial Group Inc acquired a new stake in Robert Half International in the second quarter valued at about $86,000. Finally, Bremer Bank National Association acquired a new stake in Robert Half International in the first quarter valued at about $106,000. 95.34% of the stock is owned by institutional investors.
NYSE RHI opened at $55.63 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.82 and a beta of 1.36. Robert Half International Inc. has a 52 week low of $51.90 and a 52 week high of $73.28. The business has a 50 day moving average price of $56.01 and a 200-day moving average price of $59.72. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.18.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.98. Robert Half International had a return on equity of 41.46% and a net margin of 7.64%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Robert Half International’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Robert Half International Inc. will post 3.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 23rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.24 annualized dividend and a yield of 2.23%. Robert Half International’s dividend payout ratio is currently 34.35%.
A number of brokerages have recently commented on RHI. BMO Capital Markets lifted their price target on Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Nomura lifted their price target on Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Robert Half International presently has an average rating of “Hold” and an average target price of $68.86.
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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