Riverhead Capital Management LLC Acquires 81,033 Shares of Robert Half International Inc. (RHI)

Riverhead Capital Management LLC raised its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 61.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,262 shares of the business services provider’s stock after purchasing an additional 81,033 shares during the quarter. Riverhead Capital Management LLC owned approximately 0.17% of Robert Half International worth $10,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in Robert Half International during the first quarter valued at about $2,817,000. Clinton Group Inc. purchased a new stake in Robert Half International during the first quarter valued at about $1,169,000. Baird Financial Group Inc. lifted its holdings in Robert Half International by 0.8% during the first quarter. Baird Financial Group Inc. now owns 85,517 shares of the business services provider’s stock valued at $4,176,000 after purchasing an additional 688 shares during the last quarter. Morgan Stanley lifted its holdings in Robert Half International by 50.9% during the first quarter. Morgan Stanley now owns 501,786 shares of the business services provider’s stock valued at $24,502,000 after purchasing an additional 169,205 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in Robert Half International during the first quarter valued at about $1,226,000. 84.12% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on RHI shares. BidaskClub downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a report on Friday, July 14th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BMO Capital Markets upped their price objective on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a report on Friday, July 14th. Finally, ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $47.86.

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Shares of Robert Half International Inc. (RHI) traded up 0.42% during midday trading on Monday, hitting $45.68. 90,451 shares of the stock were exchanged. Robert Half International Inc. has a 52-week low of $34.42 and a 52-week high of $50.98. The stock has a market cap of $5.69 billion, a P/E ratio of 17.71 and a beta of 1.24. The firm’s 50 day moving average price is $44.42 and its 200-day moving average price is $46.67.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Robert Half International Inc. will post $2.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.11%. Robert Half International’s payout ratio is currently 37.21%.

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

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