Cambria Investment Management L.P. acquired a new position in Robert Half International Inc. (NYSE:RHI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,576 shares of the business services provider’s stock, valued at approximately $890,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Investment Counselors of Maryland LLC increased its position in Robert Half International by 0.5% in the second quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock worth $226,000 after purchasing an additional 24 shares during the period. Financial Counselors Inc. increased its position in Robert Half International by 0.4% in the second quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock worth $405,000 after purchasing an additional 35 shares during the period. Gateway Investment Advisers LLC increased its position in Robert Half International by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock worth $400,000 after purchasing an additional 38 shares during the period. Contravisory Investment Management Inc. increased its position in Robert Half International by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 5,469 shares of the business services provider’s stock worth $262,000 after purchasing an additional 39 shares during the period. Finally, Empirical Finance LLC increased its position in Robert Half International by 0.3% in the second quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 84.10% of the company’s stock.

A number of brokerages recently commented on RHI. BidaskClub lowered Robert Half International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on Robert Half International from $45.00 to $49.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $49.40.

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Robert Half International Inc. (RHI) traded down 0.20% during trading on Friday, hitting $51.07. The stock had a trading volume of 65,579 shares. The company has a 50-day moving average of $46.63 and a 200 day moving average of $46.75. Robert Half International Inc. has a 52 week low of $34.42 and a 52 week high of $51.76. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 19.79 and a beta of 1.27.

Robert Half International (NYSE:RHI) last issued its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business earned $0.71 earnings per share. Robert Half International’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Robert Half International Inc. will post $2.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.88%. Robert Half International’s dividend payout ratio (DPR) is 37.21%.

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.

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

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