Nisa Investment Advisors LLC Acquires 2,100 Shares of Robert Half International Inc. (NYSE:RHI)

Nisa Investment Advisors LLC grew its holdings in Robert Half International Inc. (NYSE:RHI) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,791 shares of the business services provider’s stock after purchasing an additional 2,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Robert Half International were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RHI. Creative Planning boosted its stake in shares of Robert Half International by 6.2% in the 1st quarter. Creative Planning now owns 4,206 shares of the business services provider’s stock worth $274,000 after buying an additional 244 shares during the last quarter. Advisor Partners LLC boosted its stake in shares of Robert Half International by 5.6% in the 1st quarter. Advisor Partners LLC now owns 4,735 shares of the business services provider’s stock worth $309,000 after buying an additional 249 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Robert Half International by 2.2% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 12,594 shares of the business services provider’s stock worth $821,000 after buying an additional 273 shares during the last quarter. Alpha Quant Advisors LLC boosted its stake in shares of Robert Half International by 125.9% in the 1st quarter. Alpha Quant Advisors LLC now owns 506 shares of the business services provider’s stock worth $33,000 after buying an additional 282 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Robert Half International by 3.8% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,822 shares of the business services provider’s stock worth $509,000 after buying an additional 288 shares during the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on RHI shares. BMO Capital Markets raised their price target on Robert Half International from $62.00 to $64.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 24th. Nomura raised their price target on Robert Half International from $69.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price target on the stock. in a research note on Thursday, July 25th. Finally, Royal Bank of Canada started coverage on Robert Half International in a research note on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.33.

NYSE RHI traded down $1.24 on Friday, hitting $57.83. 1,283,621 shares of the company traded hands, compared to its average volume of 1,525,977. The firm has a market cap of $7.16 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business has a 50 day simple moving average of $58.02. Robert Half International Inc. has a 52-week low of $52.79 and a 52-week high of $79.91.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 23rd. The business services provider reported $0.98 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.98. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. Robert Half International had a return on equity of 41.46% and a net margin of 7.64%. Robert Half International’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Research analysts forecast that Robert Half International Inc. will post 3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 23rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.14%. Robert Half International’s dividend payout ratio (DPR) is presently 34.35%.

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

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