Pinnacle Associates Ltd. Trims Holdings in Robert Half International Inc. (NYSE:RHI)

Pinnacle Associates Ltd. cut its stake in Robert Half International Inc. (NYSE:RHIGet Rating) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 218,594 shares of the business services provider’s stock after selling 10,196 shares during the quarter. Pinnacle Associates Ltd. owned about 0.20% of Robert Half International worth $24,959,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in Robert Half International by 0.7% during the fourth quarter. State Street Corp now owns 5,327,676 shares of the business services provider’s stock worth $594,142,000 after buying an additional 38,114 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Robert Half International by 10.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,644,452 shares of the business services provider’s stock worth $294,909,000 after buying an additional 239,615 shares in the last quarter. Geode Capital Management LLC grew its position in Robert Half International by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,318,613 shares of the business services provider’s stock worth $258,007,000 after buying an additional 10,312 shares in the last quarter. Acadian Asset Management LLC grew its position in Robert Half International by 35.2% during the fourth quarter. Acadian Asset Management LLC now owns 2,123,299 shares of the business services provider’s stock worth $236,749,000 after buying an additional 552,918 shares in the last quarter. Finally, Northern Trust Corp grew its position in Robert Half International by 2.2% during the fourth quarter. Northern Trust Corp now owns 1,685,973 shares of the business services provider’s stock worth $188,020,000 after buying an additional 36,308 shares in the last quarter. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Robert Half International

In other Robert Half International news, CEO Paul F. Gentzkow sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following the completion of the transaction, the chief executive officer now owns 275,751 shares of the company’s stock, valued at approximately $25,608,995.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Robert Half International Trading Up 3.0 %

NYSE RHI opened at $77.65 on Thursday. Robert Half International Inc. has a 1-year low of $73.10 and a 1-year high of $125.77. The stock has a 50-day moving average of $81.64 and a 200-day moving average of $101.30. The firm has a market cap of $8.58 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.46 and a beta of 1.49.

Robert Half International (NYSE:RHIGet Rating) last released its earnings results on Thursday, July 21st. The business services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.01. Robert Half International had a return on equity of 48.63% and a net margin of 9.54%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the company posted $1.33 EPS. As a group, equities research analysts forecast that Robert Half International Inc. will post 6.36 earnings per share for the current fiscal year.

Robert Half International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Tuesday, May 24th. Robert Half International’s payout ratio is 27.92%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RHI. Bank of America cut Robert Half International from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $133.00 to $67.00 in a research report on Thursday, June 23rd. BMO Capital Markets lifted their price target on Robert Half International from $80.00 to $85.00 in a research note on Monday. Credit Suisse Group dropped their price target on Robert Half International to $68.00 in a research note on Friday, July 22nd. Truist Financial lowered Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target for the company. in a research note on Friday, July 15th. Finally, Barclays dropped their price target on Robert Half International from $105.00 to $80.00 and set an “underweight” rating for the company in a research note on Friday, July 22nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Robert Half International currently has a consensus rating of “Hold” and a consensus target price of $88.43.

About Robert Half International

(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.

Featured Stories

Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHIGet Rating).

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

Receive News & Ratings for Robert Half International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International and related companies with MarketBeat.com's FREE daily email newsletter.