Twin Tree Management LP boosted its holdings in Robert Half International Inc. (NYSE:RHI) by 115.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,425 shares of the business services provider’s stock after buying an additional 41,259 shares during the quarter. Twin Tree Management LP’s holdings in Robert Half International were worth $260,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of Robert Half International by 6.4% during the 1st quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after buying an additional 148 shares during the period. Commonwealth Bank of Australia grew its position in Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 114 shares during the period. TrimTabs Asset Management LLC grew its position in Robert Half International by 89.1% in the 1st quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,328 shares during the period. Lazard Asset Management LLC acquired a new stake in Robert Half International in the 1st quarter valued at $148,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in Robert Half International in the 1st quarter valued at $152,000. 84.12% of the stock is owned by institutional investors.
Shares of Robert Half International Inc. (NYSE RHI) traded down 0.097% during mid-day trading on Friday, reaching $46.145. The company’s stock had a trading volume of 256,105 shares. Robert Half International Inc. has a 12-month low of $34.42 and a 12-month high of $50.98. The company’s 50-day moving average price is $44.46 and its 200-day moving average price is $46.63. The stock has a market capitalization of $5.75 billion, a P/E ratio of 17.886 and a beta of 1.24.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts forecast that Robert Half International Inc. will post $2.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Wednesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 37.21%.
A number of equities research analysts have recently commented on the company. BidaskClub upgraded Robert Half International from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research cut Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BMO Capital Markets boosted their price objective on Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Finally, ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $47.86.
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.
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with our FREE daily email newsletter.