TD Asset Management Inc. Cuts Stake in Robert Half International Inc. (RHI)

TD Asset Management Inc. lessened its position in shares of Robert Half International Inc. (NYSE:RHI) by 6.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 331,612 shares of the business services provider’s stock after selling 23,720 shares during the period. TD Asset Management Inc.’s holdings in Robert Half International were worth $21,608,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in Robert Half International during the fourth quarter valued at $30,000. CSat Investment Advisory L.P. grew its position in Robert Half International by 91.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 617 shares of the business services provider’s stock valued at $35,000 after buying an additional 294 shares during the period. WP Advisors LLC acquired a new stake in Robert Half International during the first quarter valued at $47,000. Tributary Capital Management LLC acquired a new stake in Robert Half International during the fourth quarter valued at $47,000. Finally, Doyle Wealth Management acquired a new stake in Robert Half International during the fourth quarter valued at $89,000. Institutional investors own 95.15% of the company’s stock.

RHI opened at $56.31 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.82 and a beta of 1.28. Robert Half International Inc. has a 52-week low of $52.79 and a 52-week high of $79.91.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Robert Half International had a return on equity of 40.97% and a net margin of 7.63%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, research analysts anticipate that Robert Half International Inc. will post 3.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, May 23rd. Robert Half International’s dividend payout ratio is currently 34.35%.

Several research firms recently commented on RHI. Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada started coverage on shares of Robert Half International in a report on Tuesday, April 16th. They set a “sector perform” rating on the stock. ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. BMO Capital Markets decreased their price objective on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Finally, SunTrust Banks increased their price objective on shares of Robert Half International to $70.00 and gave the company a “hold” rating in a report on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.40.

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

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