Investment Management of Virginia LLC bought a new stake in shares of Robert Half International Inc. (NYSE:RHI) during the third quarter, according to its most recent filing with the SEC. The institutional investor bought 41,078 shares of the company’s stock, valued at approximately $1,555,000.

A number of other institutional investors have also recently added to or reduced their stakes in RHI. Gradient Investments LLC bought a new stake in shares of Robert Half International during the second quarter valued at about $4,087,000. Denali Advisors LLC raised its stake in shares of Robert Half International by 80.6% in the second quarter. Denali Advisors LLC now owns 43,700 shares of the company’s stock valued at $1,668,000 after buying an additional 19,500 shares during the period. Grassi Investment Management raised its stake in shares of Robert Half International by 7.7% in the second quarter. Grassi Investment Management now owns 70,000 shares of the company’s stock valued at $2,671,000 after buying an additional 5,000 shares during the period. Creative Planning raised its stake in shares of Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares during the period. Finally, Atria Investments LLC bought a new stake in shares of Robert Half International during the second quarter valued at about $265,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

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

Robert Half International Inc. (NYSE:RHI) traded down 1.75% on Monday, hitting $44.47. 1,192,453 shares of the company were exchanged. Robert Half International Inc. has a 52 week low of $34.34 and a 52 week high of $52.22. The stock has a 50 day moving average of $40.20 and a 200 day moving average of $38.95. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 16.05 and a beta of 1.05.

Robert Half International (NYSE:RHI) last announced its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.71. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Robert Half International had a net margin of 6.79% and a return on equity of 34.09%. Robert Half International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. Analysts predict that Robert Half International Inc. will post $2.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, November 22nd. Robert Half International’s payout ratio is currently 31.77%.

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Several equities research analysts recently issued reports on RHI shares. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Tuesday, October 25th. Deutsche Bank AG set a $44.00 price target on shares of Robert Half International and gave the company a “buy” rating in a report on Tuesday, October 18th. William Blair lowered shares of Robert Half International from an “outperform” rating to a “market perform” rating in a report on Thursday, October 27th. Macquarie started coverage on shares of Robert Half International in a report on Thursday, August 25th. They set a “neutral” rating and a $43.00 price target on the stock. Finally, RBC Capital Markets lowered shares of Robert Half International from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $41.00 to $46.00 in a report on Monday. They noted that the move was a valuation call. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.40.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

5 Day Chart for NYSE:RHI

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