Robert Half International Inc. (NYSE:RHI) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Posted by Defense World Staff on Jun 4th, 2023

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,728 shares of the business services provider’s stock after selling 1,125 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Robert Half International were worth $718,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Ontario Teachers Pension Plan Board grew its holdings in Robert Half International by 73.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 12,441 shares of the business services provider’s stock valued at $919,000 after buying an additional 5,284 shares during the last quarter. American International Group Inc. grew its holdings in Robert Half International by 8.3% during the 4th quarter. American International Group Inc. now owns 33,689 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 2,572 shares during the last quarter. Amalgamated Bank grew its holdings in Robert Half International by 15.6% during the 4th quarter. Amalgamated Bank now owns 49,406 shares of the business services provider’s stock valued at $3,648,000 after buying an additional 6,671 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Robert Half International during the fourth quarter worth $226,000. Finally, Schroder Investment Management Group boosted its holdings in shares of Robert Half International by 89.0% during the fourth quarter. Schroder Investment Management Group now owns 173,036 shares of the business services provider’s stock worth $12,775,000 after purchasing an additional 81,505 shares during the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RHI. UBS Group began coverage on Robert Half International in a report on Wednesday. They set a “buy” rating and a $82.00 price objective on the stock. StockNews.com began coverage on Robert Half International in a report on Thursday, May 18th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.90.

Robert Half International Price Performance

RHI opened at $69.88 on Friday. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32. Robert Half International Inc. has a 1-year low of $64.65 and a 1-year high of $92.27. The business has a 50 day moving average price of $71.57 and a two-hundred day moving average price of $75.64.

Robert Half International (NYSE:RHI – Get Rating) last released its earnings results on Wednesday, April 26th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Robert Half International had a return on equity of 39.94% and a net margin of 8.57%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 earnings per share. Equities analysts expect that Robert Half International Inc. will post 4.29 EPS for the current fiscal year.

Robert Half International announced that its Board of Directors has approved a share repurchase plan on Thursday, February 9th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Robert Half International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, May 24th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.75%. Robert Half International’s dividend payout ratio (DPR) is presently 34.04%.

Robert Half International Company Profile

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Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following business segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.