Robert Half International Inc. (RHI) Stake Raised by BB&T Corp

BB&T Corp raised its stake in Robert Half International Inc. (NYSE:RHI) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,870 shares of the business services provider’s stock after buying an additional 6,146 shares during the period. BB&T Corp owned approximately 0.15% of Robert Half International worth $9,292,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Robert Half International by 6.4% in the first 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 last quarter. TrimTabs Asset Management LLC raised its position in shares of Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock worth $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Robert Half International during the first quarter worth about $148,000. Ameritas Investment Partners Inc. bought a new position in shares of Robert Half International during the first quarter worth about $152,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock worth $176,000 after buying an additional 500 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Robert Half International Inc. (NYSE RHI) opened at 44.24 on Wednesday. The stock has a 50 day moving average of $47.43 and a 200 day moving average of $47.37. Robert Half International Inc. has a 1-year low of $34.42 and a 1-year high of $50.98. The stock has a market capitalization of $5.51 billion, a P/E ratio of 17.15 and a beta of 1.23.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Robert Half International’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect that Robert Half International Inc. will post $2.62 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.24 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.17%. Robert Half International’s dividend payout ratio is presently 37.21%.

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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. BMO Capital Markets increased their price objective on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a report 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 downgraded shares of 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, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $47.25.

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.

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

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