Victory Capital Management Inc. Buys 10,326 Shares of Robert Half International Inc. (RHI)

Victory Capital Management Inc. boosted its position in Robert Half International Inc. (NYSE:RHI) by 39.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,277 shares of the business services provider’s stock after acquiring an additional 10,326 shares during the period. Victory Capital Management Inc.’s holdings in Robert Half International were worth $1,826,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Crossmark Global Holdings Inc. bought a new position in Robert Half International in the third quarter worth approximately $538,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Robert Half International by 22.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,703 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 1,027 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Robert Half International by 3.4% in the third quarter. Pictet Asset Management Ltd. now owns 72,174 shares of the business services provider’s stock valued at $3,633,000 after purchasing an additional 2,400 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Robert Half International by 2.2% in the third quarter. Heartland Advisors Inc. now owns 167,544 shares of the business services provider’s stock valued at $8,434,000 after purchasing an additional 3,545 shares in the last quarter. Finally, First Quadrant L P CA lifted its holdings in shares of Robert Half International by 23.2% in the third quarter. First Quadrant L P CA now owns 397,001 shares of the business services provider’s stock valued at $19,985,000 after purchasing an additional 74,671 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of Robert Half International Inc. (NYSE:RHI) traded down $0.21 on Wednesday, hitting $53.08. The company had a trading volume of 1,341,794 shares, compared to its average volume of 1,063,428. The stock has a market capitalization of $7,102.32, a P/E ratio of 22.22 and a beta of 1.32. Robert Half International Inc. has a one year low of $42.92 and a one year high of $57.67.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. equities analysts forecast that Robert Half International Inc. will post 2.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio is currently 37.65%.

In other Robert Half International news, insider Robert W. Glass sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the sale, the insider now directly owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

A number of research analysts have recently weighed in on the company. Macquarie lowered Robert Half International from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $56.66 to $42.00 in a report on Tuesday. ValuEngine lowered Robert Half International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets raised their target price on Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group raised their target price on Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $50.78.

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Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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

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