Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 11.3% during the third quarter, Holdings Channel reports. The fund owned 5,652 shares of the company’s stock after selling 723 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Robert Half International were worth $214,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Denali Advisors LLC boosted its position in Robert Half International by 80.6% in the second quarter. Denali Advisors LLC now owns 43,700 shares of the company’s stock valued at $1,668,000 after buying an additional 19,500 shares during the last quarter. Grassi Investment Management boosted its position in Robert Half International by 7.7% in the second quarter. Grassi Investment Management now owns 70,000 shares of the company’s stock valued at $2,671,000 after buying an additional 5,000 shares during the last quarter. Creative Planning boosted its position in Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares during the last quarter. Atria Investments LLC bought a new position in Robert Half International during the second quarter valued at $265,000. Finally, Quotient Investors LLC bought a new position in Robert Half International during the second quarter valued at $271,000. 83.45% of the stock is owned by institutional investors.
Robert Half International Inc. (NYSE:RHI) traded up 1.03% during midday trading on Friday, hitting $45.26. 309,256 shares of the stock traded hands. The firm has a market cap of $5.78 billion, a PE ratio of 16.33 and a beta of 1.05. The stock has a 50-day moving average of $40.01 and a 200 day moving average of $38.91. Robert Half International Inc. has a 52-week low of $34.34 and a 52-week high of $52.22.
Robert Half International (NYSE:RHI) last posted its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. Robert Half International had a net margin of 6.79% and a return on equity of 34.09%. The firm earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted $0.73 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities analysts forecast that Robert Half International Inc. will post $2.70 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 22nd. Robert Half International’s payout ratio is presently 31.77%.
Several research firms have commented on RHI. Deutsche Bank AG set a $44.00 price objective on shares of Robert Half International and gave the company a “buy” rating in a research report on Tuesday, October 18th. Credit Suisse Group AG lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $37.00 to $33.00 in a research report on Monday, October 3rd. William Blair lowered shares of Robert Half International from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 27th. Zacks Investment Research upgraded shares of Robert Half International from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, October 25th. Finally, Macquarie began coverage on shares of Robert Half International in a research report on Thursday, August 25th. They set a “neutral” rating and a $43.00 price objective for the company. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Robert Half International presently has an average rating of “Hold” and a consensus price target of $44.87.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.