Squar Milner Financial Services LLC lowered its position in shares of Robert Half International Inc. (NYSE:RHI) by 10.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,182 shares of the business services provider’s stock after selling 245 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Robert Half International were worth $124,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Robert Half International by 4.6% during the first quarter. BlackRock Inc. now owns 10,311,422 shares of the business services provider’s stock valued at $671,892,000 after purchasing an additional 450,686 shares during the period. AQR Capital Management LLC grew its holdings in Robert Half International by 11.3% during the first quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock valued at $434,804,000 after purchasing an additional 676,123 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd grew its holdings in Robert Half International by 0.6% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,560,299 shares of the business services provider’s stock valued at $166,829,000 after purchasing an additional 15,690 shares during the period. AJO LP lifted its stake in Robert Half International by 32.8% in the first quarter. AJO LP now owns 2,272,322 shares of the business services provider’s stock valued at $148,065,000 after buying an additional 561,556 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Robert Half International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,194,121 shares of the business services provider’s stock valued at $125,344,000 after buying an additional 27,335 shares in the last quarter. Hedge funds and other institutional investors own 97.30% of the company’s stock.
RHI traded down $0.40 during trading on Wednesday, reaching $55.55. The company had a trading volume of 16,666 shares, compared to its average volume of 1,590,642. Robert Half International Inc. has a 12 month low of $52.79 and a 12 month high of $79.91. The company’s fifty day moving average price is $58.09. The stock has a market capitalization of $6.50 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.88 and a beta of 1.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 23rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, August 22nd. Robert Half International’s dividend payout ratio is presently 34.35%.
RHI has been the topic of a number of research reports. Royal Bank of Canada initiated coverage on shares of Robert Half International in a research note on Tuesday, April 16th. They issued a “sector perform” rating on the stock. Nomura lifted their price target on shares of Robert Half International from $69.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. BMO Capital Markets lifted their price target on shares of Robert Half International from $62.00 to $64.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research lowered shares of 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. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.33.
About Robert Half International
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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