Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Robert Half International Inc. (NYSE:RHI) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,596 shares of the business services provider’s stock after selling 1,523 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of Robert Half International worth $12,565,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. APG Asset Management N.V. raised its stake in Robert Half International by 31.3% during the third quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock worth $98,395,000 after acquiring an additional 466,400 shares in the last quarter. Legal & General Group Plc raised its stake in Robert Half International by 8.7% during the second quarter. Legal & General Group Plc now owns 705,577 shares of the business services provider’s stock worth $33,819,000 after acquiring an additional 56,578 shares in the last quarter. Todd Asset Management LLC raised its stake in Robert Half International by 2.3% during the second quarter. Todd Asset Management LLC now owns 298,283 shares of the business services provider’s stock worth $14,297,000 after acquiring an additional 6,581 shares in the last quarter. Principal Financial Group Inc. raised its stake in Robert Half International by 0.5% during the second quarter. Principal Financial Group Inc. now owns 1,328,705 shares of the business services provider’s stock worth $63,685,000 after acquiring an additional 6,176 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in Robert Half International by 12.6% during the third quarter. Cardinal Capital Management now owns 25,064 shares of the business services provider’s stock worth $1,261,000 after acquiring an additional 2,797 shares in the last quarter. Hedge funds and other institutional investors own 85.34% of the company’s stock.

Shares of Robert Half International Inc. (NYSE RHI) traded up $1.15 during mid-day trading on Monday, reaching $54.68. The company had a trading volume of 991,600 shares, compared to its average volume of 1,064,368. The firm has a market capitalization of $6,854.13, a price-to-earnings ratio of 21.44 and a beta of 1.32. Robert Half International Inc. has a 1 year low of $42.92 and a 1 year high of $57.67.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. Robert Half International’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. sell-side analysts anticipate that Robert Half International Inc. will post 2.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders 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 yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is currently 37.65%.

In other Robert Half International news, insider Robert W. Glass sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Several research analysts have issued reports on the company. Macquarie lowered Robert Half International from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $56.66 to $42.00 in a research note on Tuesday, December 5th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their price objective on Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Finally, Credit Suisse Group raised their target price on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.78.

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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.

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

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