Robert Half International Inc. (RHI) Holdings Raised by Chicago Equity Partners LLC

Chicago Equity Partners LLC raised its holdings in Robert Half International Inc. (NYSE:RHI) by 42.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 287,550 shares of the business services provider’s stock after acquiring an additional 85,110 shares during the quarter. Robert Half International accounts for about 0.6% of Chicago Equity Partners LLC’s holdings, making the stock its 25th biggest position. Chicago Equity Partners LLC owned about 0.23% of Robert Half International worth $20,238,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new stake in Robert Half International in the third quarter valued at $106,000. Parallel Advisors LLC lifted its holdings in Robert Half International by 1,113.6% in the third quarter. Parallel Advisors LLC now owns 2,233 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 2,049 shares during the period. Squar Milner Financial Services LLC acquired a new stake in Robert Half International in the third quarter valued at $171,000. Intact Investment Management Inc. acquired a new stake in Robert Half International in the third quarter valued at $204,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Robert Half International in the third quarter valued at $205,000. 89.47% of the stock is owned by institutional investors.

A number of equities research analysts have commented on the company. Credit Suisse Group assumed coverage on Robert Half International in a report on Friday, August 10th. They issued an “underperform” rating and a $57.00 target price for the company. Goldman Sachs Group downgraded Robert Half International from a “neutral” rating to a “sell” rating and reduced their target price for the company from $70.00 to $67.00 in a report on Wednesday, September 5th. SunTrust Banks restated a “hold” rating and issued a $76.00 price target on shares of Robert Half International in a research report on Wednesday, July 25th. Robert W. Baird raised their price target on Robert Half International from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $68.31.

In other news, EVP Robert W. Glass sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $77.50, for a total value of $3,100,000.00. Following the completion of the transaction, the executive vice president now owns 271,364 shares in the company, valued at $21,030,710. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.00% of the company’s stock.

Shares of RHI stock opened at $62.29 on Friday. Robert Half International Inc. has a fifty-two week low of $51.35 and a fifty-two week high of $79.91. The firm has a market capitalization of $7.63 billion, a PE ratio of 23.96, a PEG ratio of 1.32 and a beta of 1.31.

Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts forecast that Robert Half International Inc. will post 3.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Wednesday, November 21st. Robert Half International’s dividend payout ratio is currently 43.08%.

Robert Half International Profile

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 personnel 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 consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

See Also: Return on Investment (ROI)

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

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