KBC Group NV grew its stake in Robert Half International Inc. (NYSE:RHI) by 38.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,240 shares of the business services provider’s stock after purchasing an additional 3,953 shares during the quarter. KBC Group NV’s holdings in Robert Half International were worth $717,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Counselors Inc. grew its position in shares of 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 valued at $405,000 after purchasing an additional 35 shares during the period. Empirical Finance LLC grew its position in shares of 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 valued at $1,060,000 after purchasing an additional 73 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Robert Half International by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock valued at $231,000 after purchasing an additional 110 shares during the period. Commonwealth Bank of Australia grew its position in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 114 shares during the period. Finally, Zurich Insurance Group Ltd FI lifted its stake in shares of Robert Half International by 0.7% in the second quarter. Zurich Insurance Group Ltd FI now owns 18,300 shares of the business services provider’s stock worth $877,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

Robert Half International Inc. (NYSE:RHI) traded up $1.04 during trading hours on Friday, hitting $55.26. 1,860,125 shares of the stock traded hands, compared to its average volume of 964,660. The stock has a market capitalization of $6,796.47, a P/E ratio of 21.26 and a beta of 1.32. Robert Half International Inc. has a 12-month low of $42.92 and a 12-month high of $57.67.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. analysts forecast that Robert Half International Inc. will post 2.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 37.65%.

In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert W. Glass sold 5,000 shares of Robert Half International 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 directly owns 321,428 shares in the company, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

RHI has been the topic of several research reports. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Credit Suisse Group raised their price target on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. SunTrust Banks downgraded shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Wednesday, October 11th. BidaskClub raised shares of Robert Half International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Nomura raised their price target on shares of Robert Half International from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.78.

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About Robert Half International

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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