Robert Half International Inc. (NYSE:RHI) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. boosted its holdings in Robert Half International Inc. (NYSE:RHIGet Rating) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,578 shares of the business services provider’s stock after buying an additional 4,450 shares during the quarter. Shell Asset Management Co. owned 0.05% of Robert Half International worth $6,421,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RHI. Gladius Capital Management LP purchased a new position in Robert Half International during the 4th quarter worth approximately $886,000. Natixis Advisors L.P. grew its position in Robert Half International by 40.4% during the 4th quarter. Natixis Advisors L.P. now owns 49,136 shares of the business services provider’s stock worth $5,480,000 after purchasing an additional 14,128 shares in the last quarter. Distillate Capital Partners LLC grew its position in Robert Half International by 23.2% during the 4th quarter. Distillate Capital Partners LLC now owns 37,938 shares of the business services provider’s stock worth $4,230,000 after purchasing an additional 7,137 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Robert Half International by 10.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,644,452 shares of the business services provider’s stock worth $294,909,000 after purchasing an additional 239,615 shares in the last quarter. Finally, Raymond James & Associates grew its position in Robert Half International by 4.7% during the 4th quarter. Raymond James & Associates now owns 95,626 shares of the business services provider’s stock worth $10,664,000 after purchasing an additional 4,324 shares in the last quarter. Hedge funds and other institutional investors own 83.42% of the company’s stock.

Several equities analysts have weighed in on RHI shares. CL King lifted their price objective on shares of Robert Half International from $128.00 to $132.00 in a research report on Wednesday. StockNews.com raised shares of Robert Half International from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America raised shares of Robert Half International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $123.00 to $133.00 in a research note on Wednesday. Truist Financial lifted their target price on shares of Robert Half International from $100.00 to $120.00 in a research note on Friday, January 28th. Finally, Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Wednesday, March 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Robert Half International currently has a consensus rating of “Buy” and an average target price of $128.67.

Shares of RHI stock traded down $3.50 on Friday, hitting $98.31. The company’s stock had a trading volume of 744,370 shares, compared to its average volume of 911,118. Robert Half International Inc. has a fifty-two week low of $83.46 and a fifty-two week high of $125.77. The firm’s fifty day moving average price is $113.57 and its 200-day moving average price is $113.44. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 2.36 and a beta of 1.44.

Robert Half International (NYSE:RHIGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.06. Robert Half International had a net margin of 9.54% and a return on equity of 48.53%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $0.98 EPS. Robert Half International’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, equities analysts predict that Robert Half International Inc. will post 6.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Friday, February 25th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 24th. This is a positive change from Robert Half International’s previous quarterly dividend of $0.38. Robert Half International’s payout ratio is presently 29.20%.

Robert Half International Company Profile (Get Rating)

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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

Further Reading

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

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