Robert Half International Inc. (NYSE:RHI) Sees Large Decrease in Short Interest

Robert Half International Inc. (NYSE:RHI) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 10,194,400 shares, a decrease of 8.2% from the May 30th total of 11,109,400 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 7.3 days. Approximately 8.8% of the shares of the stock are short sold.

RHI stock traded up $1.31 during mid-day trading on Friday, reaching $58.59. 1,163,200 shares of the company’s stock were exchanged, compared to its average volume of 1,525,445. The firm has a market capitalization of $6.79 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.31. The firm has a 50 day moving average of $56.17. Robert Half International has a 12-month low of $52.79 and a 12-month high of $79.91. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.19.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Robert Half International had a net margin of 7.63% and a return on equity of 40.97%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. Analysts predict that Robert Half International will post 3.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 2.12%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.

A number of brokerages have issued reports on RHI. Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada began coverage on Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating on the stock. Finally, BMO Capital Markets upgraded Gold Fields from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Robert Half International has a consensus rating of “Hold” and an average price target of $69.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its holdings in Robert Half International by 15.2% in the 4th quarter. State of Tennessee Treasury Department now owns 31,480 shares of the business services provider’s stock valued at $1,801,000 after buying an additional 4,146 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Robert Half International by 9.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 21,666 shares of the business services provider’s stock valued at $1,239,000 after buying an additional 1,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Robert Half International by 253.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,600 shares of the business services provider’s stock valued at $1,636,000 after buying an additional 20,500 shares during the period. United Services Automobile Association increased its holdings in Robert Half International by 86.9% in the 4th quarter. United Services Automobile Association now owns 173,139 shares of the business services provider’s stock valued at $9,904,000 after buying an additional 80,495 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Robert Half International by 10.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,010,966 shares of the business services provider’s stock valued at $57,826,000 after buying an additional 98,319 shares during the period. Institutional investors and hedge funds own 97.00% of the company’s stock.

Robert Half International Company 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.

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