79,777 Shares in Robert Half International Inc. (RHI) Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC bought a new stake in Robert Half International Inc. (NYSE:RHI) during the first quarter, Holdings Channel reports. The fund bought 79,777 shares of the business services provider’s stock, valued at approximately $3,896,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Robert Half International during the fourth quarter valued at approximately $72,161,000. Congress Asset Management Co. MA bought a new position in Robert Half International during the fourth quarter valued at approximately $54,273,000. Bamco Inc. NY boosted its position in Robert Half International by 601.5% in the third quarter. Bamco Inc. NY now owns 1,016,792 shares of the business services provider’s stock valued at $38,496,000 after buying an additional 871,840 shares during the last quarter. First Trust Advisors LP boosted its position in Robert Half International by 524.0% in the first quarter. First Trust Advisors LP now owns 821,574 shares of the business services provider’s stock valued at $40,117,000 after buying an additional 689,914 shares during the last quarter. Finally, Boston Partners boosted its position in Robert Half International by 11.1% in the first quarter. Boston Partners now owns 6,529,472 shares of the business services provider’s stock valued at $318,834,000 after buying an additional 651,348 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Robert Half International Inc. (NYSE:RHI) traded up 0.30% during mid-day trading on Friday, reaching $46.21. The company’s stock had a trading volume of 1,121,518 shares. The firm has a market capitalization of $5.80 billion, a PE ratio of 17.43 and a beta of 1.18. Robert Half International Inc. has a 52 week low of $34.34 and a 52 week high of $50.98. The firm has a 50-day moving average of $46.56 and a 200-day moving average of $46.85.

Robert Half International (NYSE:RHI) last announced its earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Robert Half International had a return on equity of 31.97% and a net margin of 6.54%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Robert Half International Inc. will post $2.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $0.96 annualized dividend and a dividend yield of 2.08%. Robert Half International’s payout ratio is 32.96%.

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Several research analysts recently commented on RHI shares. BMO Capital Markets reissued a “hold” rating and set a $44.00 target price on shares of Robert Half International in a research note on Friday, January 27th. Instinet lowered their target price on Robert Half International from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, January 27th. Zacks Investment Research cut Robert Half International from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $47.00 target price on shares of Robert Half International in a research note on Friday, January 27th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and a consensus target price of $47.40.

In other news, insider Robert W. Glass sold 22,237 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the transaction, the insider now owns 326,428 shares of the company’s stock, valued at $15,456,365.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Robert Half International Company Profile

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.

5 Day Chart for NYSE:RHI

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