Robert Half International Inc. (RHI) Holdings Lifted by Captrust Financial Advisors
Captrust Financial Advisors grew its position in Robert Half International Inc. (NYSE:RHI) by 17.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,735 shares of the business services provider’s stock after buying an additional 3,270 shares during the period. Captrust Financial Advisors’ holdings in Robert Half International were worth $1,207,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of RHI. Fuller & Thaler Asset Management Inc. raised its holdings in Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after buying an additional 1,600 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Robert Half International in the fourth quarter worth about $101,000. Assetmark Inc. raised its holdings in Robert Half International by 47,875.0% in the fourth quarter. Assetmark Inc. now owns 1,919 shares of the business services provider’s stock worth $107,000 after buying an additional 1,915 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Robert Half International in the fourth quarter worth about $138,000. Finally, James Hambro & Partners purchased a new position in Robert Half International in the fourth quarter worth about $164,000. 85.40% of the stock is owned by institutional investors and hedge funds.
Shares of Robert Half International Inc. (NYSE RHI) opened at $59.13 on Wednesday. Robert Half International Inc. has a 12 month low of $42.92 and a 12 month high of $60.59. The company has a market cap of $7,519.07, a P/E ratio of 25.49 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.89%. Robert Half International’s payout ratio is currently 48.28%.
Robert Half International announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that allows the company to buyback 10,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
Several research analysts have issued reports on RHI shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 target price on shares of Robert Half International in a report on Wednesday, December 27th. Macquarie cut shares of Robert Half International from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $56.66 to $42.00 in a report on Tuesday, December 5th. Deutsche Bank lifted their target price on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, December 28th. SunTrust Banks lifted their target price on shares of Robert Half International to $58.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets lifted their target price on shares of Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a report on Friday, December 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $57.22.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $58.06, for a total value of $5,806,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael C. Buckley sold 10,000 shares of Robert Half International stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $57.84, for a total transaction of $578,400.00. The disclosure for this sale can be found here. Insiders sold 457,247 shares of company stock valued at $25,936,679 over the last quarter. Company insiders own 3.40% of the company’s stock.
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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