Robert Half International Inc. (NYSE:RHI) had its price objective upped by BMO Capital Markets from $45.00 to $49.00 in a research report released on Friday morning. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Robert Half International from a sell rating to a hold rating in a research report on Tuesday, March 21st. ValuEngine cut shares of Robert Half International from a buy rating to a hold rating in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada reiterated a hold rating on shares of Robert Half International in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $47.25.
Robert Half International (NYSE:RHI) traded down 0.56% during midday trading on Friday, hitting $48.33. The stock had a trading volume of 865,470 shares. Robert Half International has a one year low of $34.42 and a one year high of $50.98. The stock’s 50-day moving average is $47.05 and its 200-day moving average is $47.65. The company has a market cap of $6.07 billion, a P/E ratio of 18.23 and a beta of 1.24.
Robert Half International (NYSE:RHI) last issued its earnings results on Thursday, April 20th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS. Equities analysts predict that Robert Half International will post $2.66 EPS for the current fiscal year.
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In related news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total value of $1,052,921.95. Following the completion of 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 document filed with the SEC, which is available through the SEC website. 3.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Parametrica Management Ltd acquired a new position in Robert Half International during the first quarter worth approximately $229,000. Bank of Montreal Can increased its position in Robert Half International by 113.2% in the first quarter. Bank of Montreal Can now owns 123,672 shares of the business services provider’s stock worth $6,039,000 after buying an additional 65,665 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Robert Half International by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 41,172 shares of the business services provider’s stock worth $2,010,000 after buying an additional 200 shares in the last quarter. Contravisory Investment Management Inc. increased its position in Robert Half International by 28.4% in the first quarter. Contravisory Investment Management Inc. now owns 5,430 shares of the business services provider’s stock worth $265,000 after buying an additional 1,202 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in Robert Half International by 66.0% in the fourth quarter. Macquarie Group Ltd. now owns 12,069 shares of the business services provider’s stock worth $589,000 after buying an additional 4,800 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.
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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