Aperio Group LLC Grows Holdings in Robert Half International Inc. (NYSE:RHI)

Aperio Group LLC boosted its stake in Robert Half International Inc. (NYSE:RHI) by 63.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,414 shares of the business services provider’s stock after purchasing an additional 60,655 shares during the period. Aperio Group LLC owned about 0.13% of Robert Half International worth $10,183,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ostrum Asset Management bought a new position in Robert Half International in the 1st quarter valued at about $113,000. TNB Financial purchased a new stake in shares of Robert Half International during the 2nd quarter worth approximately $209,000. Rampart Investment Management Company LLC increased its stake in shares of Robert Half International by 112.7% during the 1st quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock worth $193,000 after purchasing an additional 1,768 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Robert Half International during the 2nd quarter worth approximately $225,000. Finally, Wetherby Asset Management Inc. purchased a new stake in shares of Robert Half International during the 2nd quarter worth approximately $228,000. Institutional investors and hedge funds own 88.34% of the company’s stock.

Robert Half International stock traded up $0.34 during midday trading on Friday, reaching $78.18. 995,100 shares of the company traded hands, compared to its average volume of 1,165,668. Robert Half International Inc. has a 12 month low of $43.80 and a 12 month high of $79.91. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 30.07 and a beta of 1.20.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.04. Robert Half International had a net margin of 6.11% and a return on equity of 33.44%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the firm earned $0.64 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. equities research analysts predict that Robert Half International Inc. will post 3.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be paid a $0.28 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.43%. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.

A number of research firms recently weighed in on RHI. Credit Suisse Group assumed coverage on shares of Robert Half International in a research note on Friday, August 10th. They issued an “underperform” rating and a $57.00 price objective for the company. SunTrust Banks restated a “hold” rating and set a $76.00 price target on shares of Robert Half International in a research report on Wednesday, July 25th. Robert W. Baird lifted their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, July 25th. BMO Capital Markets boosted their price target on shares of Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 25th. Finally, Barclays boosted their price target on shares of Robert Half International from $66.00 to $72.00 and gave the company a “$68.51” rating in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $64.64.

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

Further Reading: Momentum Indicator: Relative Strength Index

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

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