Robert Half International Inc. (RHI) Holdings Decreased by State of Tennessee Treasury Department

State of Tennessee Treasury Department lowered its holdings in Robert Half International Inc. (NYSE:RHI) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,606 shares of the business services provider’s stock after selling 25,179 shares during the period. State of Tennessee Treasury Department’s holdings in Robert Half International were worth $1,742,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RHI. Thrivent Financial For Lutherans increased its position in shares of Robert Half International by 5.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,710 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 240 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Robert Half International by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 641,811 shares of the business services provider’s stock valued at $31,338,000 after purchasing an additional 8,881 shares during the last quarter. Bank of Montreal Can increased its position in shares of Robert Half International by 33.8% during the 2nd quarter. Bank of Montreal Can now owns 165,454 shares of the business services provider’s stock valued at $7,930,000 after purchasing an additional 41,782 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Robert Half International by 0.5% during the 2nd quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 38 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Robert Half International by 520.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 20,672 shares of the business services provider’s stock valued at $991,000 after purchasing an additional 17,339 shares during the last quarter. 84.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the company. Credit Suisse Group increased their price objective on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. BMO Capital Markets increased their price objective on Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks, Inc. lowered Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Robert Half International presently has an average rating of “Hold” and a consensus price target of $51.88.

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

Robert Half International Inc. (NYSE RHI) opened at $54.90 on Tuesday. Robert Half International Inc. has a 1 year low of $42.92 and a 1 year high of $55.22. The stock has a market capitalization of $6,930.00, a P/E ratio of 21.53 and a beta of 1.29.

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 (EPS) for the quarter, missing the 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. Robert Half International’s revenue was down 1.0% compared to the same quarter last year. equities analysts forecast that Robert Half International Inc. will post 2.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a yield of 1.75%. Robert Half International’s payout ratio is 37.50%.

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

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