Raymond James & Associates Has $11.10 Million Holdings in Robert Half International Inc. (NYSE:RHI)

Raymond James & Associates lifted its stake in shares of Robert Half International Inc. (NYSE:RHIGet Rating) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,238 shares of the business services provider’s stock after buying an additional 1,612 shares during the period. Raymond James & Associates owned about 0.09% of Robert Half International worth $11,103,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Deseret Mutual Benefit Administrators increased its holdings in shares of Robert Half International by 2.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 4,526 shares of the business services provider’s stock worth $505,000 after buying an additional 108 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Robert Half International by 24.5% in the first quarter. Parallel Advisors LLC now owns 727 shares of the business services provider’s stock worth $86,000 after purchasing an additional 143 shares during the last quarter. American International Group Inc. grew its stake in shares of Robert Half International by 0.5% in the fourth quarter. American International Group Inc. now owns 34,397 shares of the business services provider’s stock worth $3,836,000 after purchasing an additional 163 shares during the last quarter. Securian Asset Management Inc. grew its stake in shares of Robert Half International by 1.9% in the fourth quarter. Securian Asset Management Inc. now owns 9,405 shares of the business services provider’s stock worth $1,049,000 after purchasing an additional 172 shares during the last quarter. Finally, Hallmark Capital Management Inc. grew its stake in shares of Robert Half International by 6.0% in the first quarter. Hallmark Capital Management Inc. now owns 3,080 shares of the business services provider’s stock worth $352,000 after purchasing an additional 173 shares during the last quarter. 90.96% of the stock is currently owned by institutional investors and hedge funds.

Robert Half International Price Performance

RHI stock opened at $76.97 on Thursday. The stock has a market capitalization of $8.43 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 3.45 and a beta of 1.45. The company’s 50-day moving average is $78.52 and its 200-day moving average is $95.38. Robert Half International Inc. has a 1 year low of $73.10 and a 1 year high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last released its quarterly earnings data on Thursday, July 21st. The business services provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Robert Half International had a net margin of 9.54% and a return on equity of 48.63%. During the same quarter in the prior year, the firm earned $1.33 EPS. On average, analysts anticipate that Robert Half International Inc. will post 6.33 earnings per share for the current fiscal year.

Robert Half International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.23%. Robert Half International’s dividend payout ratio (DPR) is presently 27.92%.

Insider Transactions at Robert Half International

In other news, EVP Robert W. Glass sold 10,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $80.35, for a total transaction of $803,500.00. Following the transaction, the executive vice president now owns 247,349 shares of the company’s stock, valued at approximately $19,874,492.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Robert W. Glass sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $80.35, for a total value of $803,500.00. Following the sale, the executive vice president now owns 247,349 shares in the company, valued at approximately $19,874,492.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dirk A. Kempthorne sold 2,662 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $81.13, for a total transaction of $215,968.06. Following the completion of the sale, the director now owns 14,284 shares in the company, valued at approximately $1,158,860.92. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com cut shares of Robert Half International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 28th. Truist Financial cut shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a research note on Friday, July 15th. CL King cut their price target on shares of Robert Half International from $132.00 to $120.00 in a research report on Monday, July 25th. Barclays cut their price target on shares of Robert Half International from $105.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, July 22nd. Finally, Credit Suisse Group cut their price target on shares of Robert Half International to $68.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.71.

About Robert Half International

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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.

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

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