Robert Half International Inc. (RHI) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department decreased its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 42.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,606 shares of the business services provider’s stock after selling 25,179 shares during the quarter. State of Tennessee Treasury Department’s holdings in Robert Half International were worth $1,742,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Thrivent Financial For Lutherans increased its position in Robert Half International by 5.4% during the first quarter. Thrivent Financial For Lutherans now owns 4,710 shares of the business services provider’s stock worth $230,000 after acquiring an additional 240 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Robert Half International by 1.4% in 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 in the last quarter. Bank of Montreal Can boosted its stake in shares of Robert Half International by 33.8% in 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 in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Robert Half International by 0.5% in 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 in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Robert Half International by 520.2% in 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 in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

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

RHI has been the topic of several recent research reports. BidaskClub downgraded shares of Robert Half International from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. SunTrust Banks lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target for the company. in a report on Wednesday, October 11th. BMO Capital Markets restated a “hold” rating and set a $49.00 price target on shares of Robert Half International in a report on Friday, October 13th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. Three investment 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. Robert Half International currently has a consensus rating of “Hold” and a consensus price target of $50.78.

Shares of Robert Half International Inc. (NYSE:RHI) traded down $0.21 during mid-day trading on Wednesday, reaching $53.08. 1,341,794 shares of the company’s stock were exchanged, compared to its average volume of 1,063,428. The company has a market cap of $7,102.32, a price-to-earnings ratio of 22.22 and a beta of 1.32. Robert Half International Inc. has a fifty-two week low of $42.92 and a fifty-two week high of $57.67.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. Robert Half International’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. analysts forecast that Robert Half International Inc. will post 2.58 EPS for the current fiscal 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 issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is currently 37.65%.

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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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