Bridgewater Associates LP Makes New Investment in Robert Half International Inc. (NYSE:RHI)

Bridgewater Associates LP acquired a new stake in Robert Half International Inc. (NYSE:RHIGet Rating) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 83,869 shares of the business services provider’s stock, valued at approximately $6,281,000.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Robert Half International by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,674,644 shares of the business services provider’s stock valued at $1,561,370,000 after purchasing an additional 42,681 shares in the last quarter. Capital World Investors purchased a new stake in shares of Robert Half International in the 1st quarter valued at $636,060,000. Acadian Asset Management LLC boosted its stake in shares of Robert Half International by 5.2% in the 1st quarter. Acadian Asset Management LLC now owns 2,233,387 shares of the business services provider’s stock valued at $254,975,000 after purchasing an additional 110,088 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Robert Half International by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,159,762 shares of the business services provider’s stock valued at $132,440,000 after purchasing an additional 31,066 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of Robert Half International by 53.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,064,707 shares of the business services provider’s stock valued at $79,736,000 after purchasing an additional 368,956 shares in the last quarter. Hedge funds and other institutional investors own 90.96% of the company’s stock.

Robert Half International Trading Up 0.6 %

Shares of NYSE RHI opened at $77.14 on Thursday. Robert Half International Inc. has a 12 month low of $65.40 and a 12 month high of $125.77. The firm has a market capitalization of $8.37 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 5.67 and a beta of 1.31. The firm has a fifty day simple moving average of $77.02 and a two-hundred day simple moving average of $80.04.

Robert Half International (NYSE:RHIGet Rating) last issued its quarterly earnings data on Thursday, October 20th. The business services provider reported $1.53 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.12). Robert Half International had a return on equity of 46.83% and a net margin of 9.31%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter last year, the company posted $1.53 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Robert Half International Inc. will post 6.01 earnings per share for the current year.

Robert Half International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.72 annualized dividend and a yield of 2.23%. Robert Half International’s dividend payout ratio (DPR) is presently 27.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Robert Half International in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Robert W. Baird lowered their price target on shares of Robert Half International from $95.00 to $88.00 in a report on Friday, October 21st. Barclays lowered their price target on shares of Robert Half International from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, October 24th. Credit Suisse Group lowered their price target on shares of Robert Half International from $68.00 to $63.00 and set an “underperform” rating for the company in a report on Friday, October 21st. Finally, JPMorgan Chase & Co. lowered shares of Robert Half International from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $89.00 to $76.00 in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $78.75.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 15,000 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $80.84, for a total value of $1,212,600.00. Following the completion of the transaction, the executive vice president now directly owns 232,349 shares in the company, valued at approximately $18,783,093.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by company insiders.

Robert Half International Company Profile

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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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, 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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