Robert Half International Inc. (RHI) Stake Raised by Cambiar Investors LLC
Cambiar Investors LLC boosted its stake in Robert Half International Inc. (NYSE:RHI) by 2.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,830 shares of the business services provider’s stock after purchasing an additional 2,286 shares during the quarter. Cambiar Investors LLC owned about 0.07% of Robert Half International worth $4,270,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Seven Eight Capital LP increased its stake in shares of Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Robert Half International in the 2nd quarter worth approximately $197,000. Hikari Power Ltd bought a new stake in Robert Half International during the 2nd quarter valued at $204,000. Finally, Bremer Trust National Association bought a new stake in Robert Half International during the 3rd quarter valued at $205,000. 83.92% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.40% of the stock is currently owned by corporate insiders.
Shares of Robert Half International Inc. (RHI) traded down $0.02 during trading hours on Wednesday, reaching $53.51. The company’s stock had a trading volume of 784,200 shares, compared to its average volume of 1,062,321. Robert Half International Inc. has a one year low of $42.92 and a one year high of $53.71. The firm has a market capitalization of $6,709.98, a P/E ratio of 20.99 and a beta of 1.29.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. equities analysts expect that Robert Half International Inc. will post 2.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio is presently 37.65%.
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Several analysts recently commented on RHI shares. BMO Capital Markets reissued a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a research report on Friday, October 13th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a report on Wednesday, October 11th. Credit Suisse Group increased their target price on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Robert Half International in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $51.88.
Robert Half International 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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