Standard Life Aberdeen plc Increases Holdings in Robert Half International Inc. (RHI)
Standard Life Aberdeen plc raised its position in Robert Half International Inc. (NYSE:RHI) by 2.3% in the second quarter, HoldingsChannel.com reports. The fund owned 297,727 shares of the business services provider’s stock after purchasing an additional 6,616 shares during the quarter. Standard Life Aberdeen plc’s holdings in Robert Half International were worth $19,384,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its stake in Robert Half International by 5,585.0% in the first quarter. Summit Trail Advisors LLC now owns 100,739 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 98,967 shares during the period. Ostrum Asset Management acquired a new stake in Robert Half International in the first quarter valued at approximately $113,000. Rampart Investment Management Company LLC grew its stake in Robert Half International by 112.7% in the first quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock valued at $193,000 after acquiring an additional 1,768 shares during the period. TNB Financial acquired a new stake in Robert Half International in the second quarter valued at approximately $209,000. Finally, YHB Investment Advisors Inc. acquired a new stake in Robert Half International in the second quarter valued at approximately $225,000. 88.34% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on RHI shares. Zacks Investment Research cut Robert Half International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Barclays raised their price objective on Robert Half International from $66.00 to $72.00 and gave the company a “$68.51” rating in a research note on Wednesday, July 18th. BMO Capital Markets raised their price objective on Robert Half International from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, July 25th. Robert W. Baird raised their price objective on Robert Half International from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks reissued a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $64.64.
RHI stock opened at $77.84 on Friday. Robert Half International Inc. has a twelve month low of $43.80 and a twelve month high of $79.91. The company has a market capitalization of $9.53 billion, a PE ratio of 29.94 and a beta of 1.20.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 24th. The business services provider reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.04. Robert Half International had a return on equity of 33.44% and a net margin of 6.11%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. sell-side analysts forecast that Robert Half International Inc. will post 3.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be issued a $0.28 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. Robert Half International’s dividend payout ratio is presently 43.08%.
Robert Half International Profile
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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