Short-term stake in Robert Half International Inc. (NYSE: RHI) increases 36.7%

Robert Half International Inc. (NYSE: RHI) saw strong growth in short-term interest during the month of January. As of January 31, there was short interest totaling 3,020,000 shares, a growth of 36.7% from the total of 2,210,000 shares as of January 15. Based on an average daily volume of 916,200 shares, the day-to-cover ratio is currently 3.3 days. Currently, 2.8% of the company’s shares are sold short.

NYSE RHI shares opened at $124.49 on Thursday. The company’s 50-day moving average price is $112.63 and its two-hundred-day moving average price is $109.24. Robert Half International has a one-year low of $73.17 and a one-year high of $125.77. The company has a market capitalization of $13.86 billion, a P/E ratio of 23.27 and a beta of 1.55.

Robert Half International (NYSE:RHI) last released its quarterly results on Thursday, January 27. The business services provider reported earnings per share (EPS) of $1.51 for the quarter, beating the consensus estimate of $1.45 by $0.06. The company posted revenue of $1.77 billion in the quarter, versus a consensus estimate of $1.71 billion. Robert Half International had a return on equity of 46.46% and a net margin of 9.26%. The company’s revenue increased 35.7% year over year. In the same quarter a year earlier, the company posted EPS of $0.84. On average, equity research analysts expect Robert Half International to post EPS of 5.89 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 15. Shareholders of record on Friday, February 25 will receive a dividend of $0.43 per share. This represents an annualized dividend of $1.72 and a dividend yield of 1.38%. The ex-dividend date is Thursday, February 24. This is an increase from Robert Half International’s previous quarterly dividend of $0.38. Robert Half International’s dividend payout ratio is 28.41%.

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In other news from Robert Half International, Executive Vice President Robert W. Glass sold 5,000 shares of Robert Half International in a trade that took place on Friday, November 19. The stock was sold at an average price of $117.84, for a total transaction of $589,200.00. The transaction was disclosed in an SEC filing, which is available via this link. 2.80% of the shares are held by insiders.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. State Street Corp increased its stake in Robert Half International by 0.7% in the fourth quarter. State Street Corp now owns 5,327,676 shares of the business services provider valued at $594,142,000 after purchasing an additional 38,114 shares during the period. Boston Partners increased its stake in Robert Half International by 2.7% in the third quarter. Boston Partners now owns 3,066,115 shares of the business services provider valued at $307,684,000 after purchasing an additional 81,508 shares during the period. CIBC Private Wealth Group LLC increased its stake in Robert Half International by 10.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,644,452 shares of the business services provider valued at $294,909,000 after purchasing an additional 239,615 shares during the period. Geode Capital Management LLC increased its stake in Robert Half International by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,318,613 shares of the business services provider valued at $258,007,000 after purchasing an additional 10,312 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Robert Half International by 35.2% in the 4th quarter. Acadian Asset Management LLC now owns 2,123,299 shares of the business services provider valued at $236,749,000 after acquiring an additional 552,918 shares last quarter. Institutional investors hold 85.05% of the company’s shares.

RHI has been the subject of several analyst reports. Truist Financial raised its price target on Robert Half International from $100.00 to $120.00 in a Friday, January 28 research report. Robert W. Baird raised his price target on Robert Half International from $122.00 to $133.00 and gave the stock an “outperform” rating in a Friday, October 22 research report. BMO Capital Markets raised its price target on Robert Half International from $118.00 to $124.00 and gave the stock an “outperform” rating in a Monday, October 25 research report. Finally, Zacks Investment Research downgraded Robert Half International from a “strong buy” rating to a “hold” rating and set a price target of $113.00 for the company. in a research report on Wednesday, December 22. Two research analysts rated the stock with a sell rating, two issued a hold rating and two issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $109.17.

About Robert Half International

Robert Half International, Inc provides recruitment and risk consulting services. It operates through the following segments: Temporary and Consultant Staff, Permanent Placement Staff, and Risk Consulting and Internal Audit Services. The Temporary Staff and Consultants segment offers staff in the areas of accounting and finance, administration and office, information technology, law, advertising, marketing and web design .

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