MML Investors Services LLC trimmed its position in shares of Robert Half International Inc. (NYSE:RHI) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,347 shares of the business services provider’s stock after selling 1,382 shares during the period. MML Investors Services LLC’s holdings in Robert Half International were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Robert Half International during the fourth quarter worth $16,362,000. AXA raised its holdings in shares of Robert Half International by 37.0% during the fourth quarter. AXA now owns 412,252 shares of the business services provider’s stock worth $22,896,000 after acquiring an additional 111,387 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Robert Half International by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 322,434 shares of the business services provider’s stock worth $17,908,000 after acquiring an additional 3,004 shares in the last quarter. USA Financial Portformulas Corp raised its holdings in Robert Half International by 26.9% during the fourth quarter. USA Financial Portformulas Corp now owns 16,528 shares of the business services provider’s stock valued at $918,000 after buying an additional 3,502 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Robert Half International by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 1,934,185 shares of the business services provider’s stock valued at $107,277,000 after buying an additional 42,558 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.
Robert Half International Inc. (NYSE:RHI) opened at $58.06 on Friday. Robert Half International Inc. has a 1-year low of $42.92 and a 1-year high of $60.59. The firm has a market capitalization of $7,413.45, a PE ratio of 25.03 and a beta of 1.22.
Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. equities analysts forecast that Robert Half International Inc. will post 3.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.93%. Robert Half International’s payout ratio is presently 48.28%.
Robert Half International declared that its board has approved a share repurchase program on Tuesday, February 13th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
RHI has been the topic of several recent research reports. Barclays raised their target price on Robert Half International from $60.00 to $62.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Royal Bank of Canada raised their target price on Robert Half International to $62.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. SunTrust Banks raised their target price on Robert Half International to $58.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets raised their target price on Robert Half International from $53.00 to $58.00 and gave the company a “market perform” rating in a report on Friday, December 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.22.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total value of $5,806,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert W. Glass sold 12,000 shares of Robert Half International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $56.21, for a total value of $674,520.00. The disclosure for this sale can be found here. Insiders sold 457,247 shares of company stock worth $25,936,679 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.
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About Robert Half International
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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