Stratos Wealth Partners LTD. Buys 301 shares of Robert Half International Inc. (NYSE: RHI)


Stratos Wealth Partners LTD. increased its position in shares of Robert Half International Inc. (NYSE: RHIGet a rating) by 7.6% in the 1st quarter, HoldingsChannel reports. The company held 4,283 shares of the business services provider after acquiring 301 additional shares during the quarter. The holdings of Stratos Wealth Partners LTD. in Robert Half International were worth $489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also bought and sold shares of the company. Covestor Ltd purchased a new stake in Robert Half International during the fourth quarter worth approximately $30,000. UMB Bank NA MO bought a new position in shares of Robert Half International in the fourth quarter for a value of approximately $39,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Robert Half International in the fourth quarter worth approximately $44,000. Allworth Financial LP bought a new position in shares of Robert Half International in the fourth quarter worth about $45,000. Finally, PYA Waltman Capital LLC bought a new position in shares of Robert Half International in the fourth quarter worth about $56,000. Institutional investors hold 86.40% of the company’s shares.

Wall Street analysts predict growth

A number of research analysts have recently commented on RHI shares. StockNews.com cut shares of Robert Half International from a “strong buy” rating to a “buy” rating in a report on Saturday, May 28. Truist Financial reduced Robert Half International shares from a “hold” rating to a “sell” rating and set a target price of $66.00 for the company. in a report on Friday. Bank of America downgraded Robert Half International from a “buy” rating to an “underperform” rating and lowered its price target for the company from $133.00 to $67.00 in a Thursday research note June 23. CL King raised its price target on Robert Half International from $128.00 to $132.00 in a research note on Wednesday, April 27. Finally, BMO Capital Markets downgraded Robert Half International from an “outperforming” rating to a “market performing” rating and lowered its price target for the company from $125.00 to $80.00 in a research note of Thursday, May 26. Two analysts rated the stock with a sell rating, one gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, Robert Half International currently has an average rating of “Hold” and a consensus price target of $95.60.

Insiders place their bets

In other news from Robert Half International, CEO Paul F. Gentzkow sold 50,000 shares in a trade that took place on Thursday, May 12. The stock was sold at an average price of $92.87, for a total transaction of $4,643,500.00. As a result of the transaction, the CEO now directly owns 275,751 shares of the company, valued at approximately $25,608,995.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Insiders of the company own 2.80% of the shares of the company.

Robert Half International Equity Performance

NYSE: RHI opened at $76.66 on Friday. The company has a market capitalization of $8.47 billion, a PE ratio of 13.02, a P/E/G ratio of 3.52 and a beta of 1.49. The company has a 50-day simple moving average of $84.32 and a two-hundred-day simple moving average of $103.33. Robert Half International Inc. has a fifty-two week low of $73.10 and a fifty-two week high of $125.77.

Robert Half International (NYSE: RHIGet a rating) last reported results on Tuesday, April 26. The business services provider reported earnings per share of $1.52 for the quarter, beating analyst consensus estimates of $1.47 by $0.05. The company posted revenue of $1.81 billion in the quarter, versus a consensus estimate of $1.80 billion. Robert Half International achieved a net margin of 9.54% and a return on equity of 48.53%. The company’s revenue for the quarter increased by 29.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.98. Research analysts predict that Robert Half International Inc. will post EPS of 6.35 for the current year.

Robert Half International announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 received a dividend of $0.43 per share. This represents a dividend of $1.72 on an annualized basis and a yield of 2.24%. The ex-dividend date was Tuesday, May 24. Robert Half International’s dividend payout ratio is currently 29.20%.

Robert Half International Profile

(Get a rating)

Robert Half International Inc provides recruitment and risk consulting services in North America, South America, Europe, Asia and Australia. The company operates through three segments: Temporary Staff and Consultants, Permanent Placement, and Risk and Internal Audit Advisory Services. He places temporary services for accounting, finance and bookkeeping; temporary and full-time clerical and administrative staff consisting of executive and administrative assistants, receptionists and customer service representatives; full-time accounting, finance, tax and accounting staff; and contract information technology professionals and full-time employees in the areas of platform systems integration to end-user desktop and technical support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

See also

Want to see what other hedge funds hold RHI? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Robert Half International Inc. (NYSE: RHIGet a rating).

Institutional ownership by quarter for Robert Half International (NYSE: RHI)



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