Robert Half International Inc. (NYSE:RHI) Stock Position Lifted by Credit Suisse AG

Posted by Defense World Staff on Jun 8th, 2023

Credit Suisse AG boosted its stake in shares of Robert Half International Inc. (NYSE:RHI – Get Rating) by 1.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 289,953 shares of the business services provider’s stock after purchasing an additional 3,144 shares during the period. Credit Suisse AG owned about 0.27% of Robert Half International worth $21,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. One Wealth Advisors LLC lifted its stake in Robert Half International by 3.9% in the third quarter. One Wealth Advisors LLC now owns 3,391 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 128 shares during the last quarter. Signaturefd LLC lifted its stake in Robert Half International by 48.5% in the third quarter. Signaturefd LLC now owns 438 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 143 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its stake in Robert Half International by 0.4% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 34,008 shares of the business services provider’s stock valued at $2,511,000 after acquiring an additional 146 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Robert Half International by 2.1% in the third quarter. Commonwealth Equity Services LLC now owns 7,342 shares of the business services provider’s stock valued at $561,000 after acquiring an additional 149 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Robert Half International by 4.0% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 3,927 shares of the business services provider’s stock valued at $300,000 after acquiring an additional 151 shares during the last quarter. 94.13% of the stock is currently owned by institutional investors and hedge funds.

Robert Half International Price Performance

Shares of Robert Half International stock opened at $72.71 on Thursday. The firm has a market capitalization of $7.84 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32. The company’s fifty day moving average price is $71.25 and its two-hundred day moving average price is $75.54. Robert Half International Inc. has a 52-week low of $64.65 and a 52-week high of $91.76.

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

Robert Half International declared that its Board of Directors has initiated a stock buyback program on Thursday, February 9th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Robert Half International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, May 25th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.92 annualized dividend and a yield of 2.64%. Robert Half International’s dividend payout ratio (DPR) is 34.04%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RHI. StockNews.com began coverage on shares of Robert Half International in a research note on Thursday, May 18th. They issued a “buy” rating for the company. UBS Group began coverage on shares of Robert Half International in a research note on Wednesday, May 31st. They issued a “buy” rating and a $82.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.90.

About Robert Half International

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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.