BlueCrest Capital Management Ltd Decreases Position in Robert Half International Inc. (RHI)

BlueCrest Capital Management Ltd decreased its stake in Robert Half International Inc. (NYSE:RHI) by 64.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,399 shares of the business services provider’s stock after selling 176,615 shares during the period. BlueCrest Capital Management Ltd’s holdings in Robert Half International were worth $4,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Robert Half International during the fourth quarter valued at about $4,953,000. State Street Corp increased its position in Robert Half International by 4.9% in the fourth quarter. State Street Corp now owns 5,844,447 shares of the business services provider’s stock valued at $285,097,000 after buying an additional 273,777 shares during the period. Van ECK Associates Corp increased its position in Robert Half International by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,308 shares of the business services provider’s stock valued at $113,000 after buying an additional 93 shares during the period. Dimensional Fund Advisors LP increased its position in Robert Half International by 28.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 632,930 shares of the business services provider’s stock valued at $30,875,000 after buying an additional 139,908 shares during the period. Finally, Tredje AP fonden increased its position in Robert Half International by 35.3% in the fourth quarter. Tredje AP fonden now owns 9,849 shares of the business services provider’s stock valued at $480,000 after buying an additional 2,569 shares during the period. 87.93% of the stock is owned by institutional investors and hedge funds.

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

Robert Half International Inc. (NYSE:RHI) traded down 1.29% during mid-day trading on Tuesday, reaching $48.36. The company had a trading volume of 598,949 shares. The stock’s 50-day moving average is $46.94 and its 200 day moving average is $47.64. The firm has a market capitalization of $6.07 billion, a P/E ratio of 18.24 and a beta of 1.22. Robert Half International Inc. has a 12 month low of $34.34 and a 12 month high of $50.98.

Robert Half International (NYSE:RHI) last issued its earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.04. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Robert Half International Inc. will post $2.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, May 25th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, May 23rd. Robert Half International’s payout ratio is currently 36.23%.

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Several research analysts have recently issued reports on RHI shares. Zacks Investment Research downgraded Robert Half International from a “hold” rating to a “sell” rating in a research note on Tuesday, February 21st. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price objective on shares of Robert Half International in a research report on Friday, April 21st. Finally, ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Robert Half International has a consensus rating of “Hold” and a consensus target price of $46.44.

In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total value of $1,052,921.95. Following the transaction, the insider now directly owns 326,428 shares of the company’s stock, valued at approximately $15,456,365.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate 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.

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