Company shares last traded at $47.45 barely above the 50 day moving average which is $44.66 and a bit higher than the 200 day moving average of $46.59. The 50 day moving average was up by +6.25% whereas the 200 day average was up by +1.84%. Robert Half International Inc. shares had a trading volume of 796K by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 28.48% under the normal average daily volume.
Investors are a little more bearish recently if you take note of the increase in short interest. The firm experienced a rise in short interest of 13.19% as of August 31, 2017 from the last reporting period. Short interest grew from 2,694,169 to 3,049,547 over that period. The days to cover increased to 4.0 and the percentage of shorted shares was 0.02% on August 31.
The following firms have recently changed their position in RHI. As of the end of the quarter Cantab Capital Partners Llp had acquired a total of 21,711 shares growing its holdings by 290.4%. The value of the total investment in Robert Half International Inc. increased from $365,000 to $1,399,000,000 a change of $1,398,635,000 since the last quarter. As of quarter end Next Financial Group, Inc had sold 60 shares trimming its position 3.8%. The value of the investment in (RHI) went from $72,000 to $72,000,000 a change of 99,900.0% quarter to quarter.
As of quarter end Kovitz Investment Group Partners, LLC had bought 1,915 shares growing its stake by 0.2%. The value of the investment in Robert Half International Inc. went from $42,113,000 to $41,429,000 decreasing 1.6% for the reporting period. As of the end of the quarter Janus Capital Management LLC had bought 464,943 shares growing its holdings by 418,867.6%. The value in dollars went from $5,000 to $22,709,000 increasing 454,080.0% quarter over quarter.
The company is so far trading up from yesterday’s close of 46.92. Robert Half International Inc. also announced a dividend that was paid on Friday the 15th of September 2017. The dividend payment was $0.240 per share for the quarter which comes to $0.96 on an annualized basis. The dividend yield was $2.07. The ex-dividend date was set for Wednesday the 23rd of August 2017.
Robert Half International Inc.’s P/E ratio is 18.39 and the market cap is 5.91B. In the latest earnings report the EPS was $2.58 and is expected to be $2.62 for the current year with 124,616,000 shares now outstanding. Next quarter’s EPS is estimated at $0.65 with next year’s EPS anticipated to be $2.87.
Robert Half International Inc., launched on October 18, 1979, 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. The Company operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services. The temporary and consultant staffing segment provides specialized staffing in the accounting and finance, administrative and office, information technology (IT), legal, advertising, marketing and Web design fields. The permanent placement staffing segment provides full-time personnel in the accounting, finance, administrative and office, and IT fields. The risk consulting and internal audit services segment provides business and technology risk consulting, and internal audit services..