Ritholtz Wealth Management lessened its holdings in Robert Half International Inc. (NYSE:RHI – Free Report) by 25.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,980 shares of the business services provider’s stock after selling 1,708 shares during the quarter. Ritholtz Wealth Management’s holdings in Robert Half International were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of RHI. Alpha Omega Wealth Management LLC raised its stake in shares of 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 worth $2,511,000 after purchasing an additional 146 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of 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 worth $561,000 after purchasing an additional 149 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of 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 worth $300,000 after purchasing an additional 151 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Robert Half International by 7.3% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,429 shares of the business services provider’s stock worth $277,000 after purchasing an additional 166 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Robert Half International by 43.1% in the fourth quarter. Allworth Financial LP now owns 588 shares of the business services provider’s stock worth $43,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 89.34% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have recently issued reports on RHI. UBS Group began coverage on 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. StockNews.com assumed coverage on Robert Half International in a report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, Redburn Partners assumed coverage on Robert Half International in a report on Tuesday, June 20th. They set a “neutral” rating and a $76.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.80.
Robert Half International Trading Up 0.4 %
Robert Half International (NYSE:RHI – Free Report) last issued its quarterly earnings data on Wednesday, April 26th. The business services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. Robert Half International had a return on equity of 39.94% and a net margin of 8.57%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $1.52 earnings per share. Robert Half International’s quarterly revenue was down 5.4% compared to the same quarter last year. Equities research analysts forecast that Robert Half International Inc. will post 4.29 EPS for the current year.
Robert Half International Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Wednesday, May 24th. Robert Half International’s payout ratio is currently 34.04%.
Robert Half International Profile
Robert Half International Inc provides talent solutions and business consulting service in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.
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