Hutchinson Capital Management CA reduced its stake in Robert Half International Inc. (NYSE:RHI) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,670 shares of the business services provider’s stock after selling 5,307 shares during the period. Robert Half International accounts for approximately 6.6% of Hutchinson Capital Management CA’s holdings, making the stock its 2nd largest holding. Hutchinson Capital Management CA owned about 0.37% of Robert Half International worth $25,418,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. raised its stake in Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after buying an additional 1,600 shares during the period. Bremer Trust National Association acquired a new stake in Robert Half International during the 3rd quarter worth $205,000. Smithfield Trust Co. acquired a new stake in Robert Half International during the 3rd quarter worth $206,000. Advisor Partners LLC acquired a new stake in Robert Half International during the 4th quarter worth $262,000. Finally, Family Legacy Inc. acquired a new stake in Robert Half International during the 4th quarter worth $264,000. Institutional investors and hedge funds own 83.83% of the company’s stock.
Several brokerages recently commented on RHI. Barclays raised their price objective on Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. SunTrust Banks raised their price objective on Robert Half International to $58.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada raised their price objective on Robert Half International to $62.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and set a $67.00 price objective on shares of Robert Half International in a research note on Wednesday, January 31st. Finally, BMO Capital Markets raised their price objective on Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research note on Friday, December 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $57.22.
Shares of Robert Half International Inc. (NYSE RHI) opened at $56.38 on Friday. Robert Half International Inc. has a 12 month low of $42.92 and a 12 month high of $60.59. The stock has a market capitalization of $7,034.63, a PE ratio of 21.67 and a beta of 1.27.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts anticipate that Robert Half International Inc. will post 3.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be paid a $0.28 dividend. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.12 annualized dividend and a dividend yield of 1.99%. Robert Half International’s dividend payout ratio (DPR) is currently 41.38%.
Robert Half International declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 13th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, COO Paul F. Gentzkow sold 205,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $56.31, for a total value of $11,543,550.00. Following the completion of the transaction, the chief operating officer now owns 499,733 shares in the company, valued at approximately $28,139,965.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Paul F. Gentzkow sold 130,247 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $56.31, for a total value of $7,334,208.57. Following the completion of the transaction, the chief operating officer now owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
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Robert Half International 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.
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