WESPAC Advisors LLC Acquires New Position in Robert Half International Inc. (RHI)

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WESPAC Advisors LLC acquired a new position in Robert Half International Inc. (NYSE:RHI) in the third quarter, Holdings Channel reports. The fund acquired 8,444 shares of the business services provider’s stock, valued at approximately $594,000.

A number of other large investors have also modified their holdings of RHI. GAM Holding AG grew its holdings in Robert Half International by 3.0% in the second quarter. GAM Holding AG now owns 23,705 shares of the business services provider’s stock worth $1,543,000 after purchasing an additional 690 shares during the last quarter. Captrust Financial Advisors grew its holdings in Robert Half International by 3.4% in the second quarter. Captrust Financial Advisors now owns 22,621 shares of the business services provider’s stock worth $1,473,000 after purchasing an additional 737 shares during the last quarter. Raymond James & Associates grew its holdings in Robert Half International by 0.6% in the second quarter. Raymond James & Associates now owns 144,372 shares of the business services provider’s stock worth $9,399,000 after purchasing an additional 790 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Robert Half International by 4.5% in the third quarter. Meeder Asset Management Inc. now owns 18,916 shares of the business services provider’s stock worth $1,332,000 after purchasing an additional 817 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Robert Half International by 1.4% in the second quarter. Oppenheimer & Co. Inc. now owns 57,874 shares of the business services provider’s stock worth $3,768,000 after purchasing an additional 827 shares during the last quarter. 89.70% of the stock is owned by institutional investors.

In other Robert Half International news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total value of $3,100,000.00. Following the sale, the executive vice president now directly owns 271,364 shares of the company’s stock, valued at $21,030,710. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

NYSE:RHI opened at $61.92 on Tuesday. Robert Half International Inc. has a one year low of $51.35 and a one year high of $79.91. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.31.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Robert Half International had a net margin of 6.49% and a return on equity of 36.34%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that Robert Half International Inc. will post 3.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 21st. Robert Half International’s payout ratio is 43.08%.

A number of brokerages have recently weighed in on RHI. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Thursday, October 25th. ValuEngine lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. BMO Capital Markets boosted their price objective on shares of Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, October 24th. Finally, Bank of America began coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $68.31.

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Robert Half International Profile

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.

See Also: Return on Investment (ROI)

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

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