JLB & Associates Inc. lifted its position in Robert Half International Inc. (NYSE:RHI) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,893 shares of the business services provider’s stock after acquiring an additional 2,034 shares during the quarter. JLB & Associates Inc.’s holdings in Robert Half International were worth $2,860,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in RHI. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Robert Half International during the fourth quarter worth $1,218,000. Worldquant Millennium Quantitative Strategies LLC grew its holdings in shares of Robert Half International by 1,789.7% during the fourth quarter. Worldquant Millennium Quantitative Strategies LLC now owns 394,881 shares of the business services provider’s stock worth $22,587,000 after buying an additional 373,984 shares in the last quarter. Two Sigma Securities LLC grew its holdings in shares of Robert Half International by 46.7% during the fourth quarter. Two Sigma Securities LLC now owns 4,649 shares of the business services provider’s stock worth $266,000 after buying an additional 1,479 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Robert Half International by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,010,966 shares of the business services provider’s stock valued at $57,826,000 after purchasing an additional 98,319 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Robert Half International by 12.0% in the fourth quarter. BlackRock Inc. now owns 9,860,736 shares of the business services provider’s stock valued at $564,035,000 after purchasing an additional 1,056,596 shares during the period. Hedge funds and other institutional investors own 95.15% of the company’s stock.
Robert Half International stock traded up $0.11 during mid-day trading on Friday, hitting $56.31. The company had a trading volume of 739,592 shares, compared to its average volume of 1,403,500. The firm has a market capitalization of $6.75 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.82 and a beta of 1.28. Robert Half International Inc. has a 1 year low of $52.79 and a 1 year high of $79.91. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.19.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.02). The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.80 earnings per share. As a group, research analysts expect that Robert Half International Inc. will post 3.98 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.20%. Robert Half International’s dividend payout ratio (DPR) is 34.35%.
A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Robert Half International from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Royal Bank of Canada assumed coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a research report on Monday, January 28th. BMO Capital Markets reduced their price target on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Finally, SunTrust Banks increased their price target on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, January 30th. Three equities 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’s stock. The company presently has a consensus rating of “Hold” and an average target price of $69.40.
About Robert Half International
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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