Synovus Financial Corp Buys 565 Shares of Robert Half International Inc. (NYSE:RHI)

Synovus Financial Corp increased its stake in shares of Robert Half International Inc. (NYSE:RHI) by 7.7% during the 1st quarter, Holdings Channel reports. The fund owned 7,934 shares of the business services provider’s stock after acquiring an additional 565 shares during the period. Synovus Financial Corp’s holdings in Robert Half International were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning bought a new position in shares of Robert Half International in the fourth quarter valued at $235,000. Assenagon Asset Management S.A. bought a new position in shares of Robert Half International in the fourth quarter valued at $344,000. NN Investment Partners Holdings N.V. lifted its stake in shares of Robert Half International by 6.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 18,520 shares of the business services provider’s stock valued at $1,156,000 after buying an additional 1,053 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Robert Half International by 6.0% in the fourth quarter. California Public Employees Retirement System now owns 276,440 shares of the business services provider’s stock valued at $17,272,000 after buying an additional 15,750 shares in the last quarter. Finally, Silver Lake Advisory LLC lifted its stake in shares of Robert Half International by 2.1% in the fourth quarter. Silver Lake Advisory LLC now owns 49,397 shares of the business services provider’s stock valued at $3,086,000 after buying an additional 1,016 shares in the last quarter. 87.59% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Robert Half International from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Barclays raised their price objective on shares of Robert Half International from $85.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, April 26th. Truist Securities raised their price target on shares of Robert Half International from $67.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 22nd. Credit Suisse Group raised their price target on shares of Robert Half International from $60.00 to $70.00 and gave the company an “underperform” rating in a research report on Thursday, April 22nd. Finally, Truist raised their price target on shares of Robert Half International to $85.00 in a research report on Thursday, April 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.63.

NYSE RHI opened at $91.23 on Friday. Robert Half International Inc. has a 52-week low of $48.29 and a 52-week high of $91.92. The stock’s 50-day moving average is $86.72. The stock has a market capitalization of $10.29 billion, a P/E ratio of 31.46, a PEG ratio of 1.39 and a beta of 1.59.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, April 20th. The business services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.18. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.35 billion. Robert Half International had a net margin of 6.54% and a return on equity of 27.51%. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Analysts forecast that Robert Half International Inc. will post 4.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, May 25th will be paid a $0.38 dividend. The ex-dividend date is Monday, May 24th. This represents a $1.52 annualized dividend and a dividend yield of 1.67%. Robert Half International’s payout ratio is 56.30%.

Robert Half International Company 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 services 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.

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

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