Cigna Investments Inc. New decreased its position in Robert Half International Inc. (NYSE:RHI) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,871 shares of the business services provider’s stock after selling 452 shares during the period. Cigna Investments Inc. New’s holdings in Robert Half International were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RHI. Van ECK Associates Corp raised its stake in shares of 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 worth $120,000 after buying an additional 148 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of 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 worth $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Robert Half International during the first quarter worth approximately $148,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Robert Half International during the first quarter worth approximately $152,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of 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 worth $176,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 84.72% of the company’s stock.

Shares of Robert Half International Inc. (RHI) opened at 44.07 on Wednesday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 17.08 and a beta of 1.23. The stock’s 50 day moving average price is $46.12 and its 200-day moving average price is $46.98. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $50.98.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. Robert Half International’s dividend payout ratio (DPR) is currently 37.21%.

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A number of equities research analysts have commented on the company. BMO Capital Markets restated a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a research report on Tuesday, July 11th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. BidaskClub lowered Robert Half International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $47.25.

Robert Half International Company Profile

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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