Shares of Robert Half International Inc. (NYSE:RHI) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $53.70.
Several brokerages recently issued reports on RHI. BMO Capital Markets raised their target price on shares of Robert Half International from $53.00 to $58.00 and gave the company a “market perform” rating in a research note on Friday, December 29th. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Deutsche Bank raised their target price on shares of Robert Half International from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 28th. Royal Bank of Canada reiterated a “hold” rating and issued a $57.00 target price on shares of Robert Half International in a research note on Wednesday, December 27th. Finally, Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th.
Shares of Robert Half International (NYSE:RHI) traded down $0.14 during midday trading on Tuesday, hitting $56.63. The stock had a trading volume of 617,289 shares, compared to its average volume of 700,131. The company has a market cap of $7,150.00, a PE ratio of 22.12 and a beta of 1.33. Robert Half International has a 12 month low of $42.92 and a 12 month high of $57.67.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. Robert Half International’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. research analysts anticipate that Robert Half International will post 2.58 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.96 annualized dividend and a yield of 1.70%. Robert Half International’s dividend payout ratio (DPR) is presently 37.50%.
In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the sale, the insider now owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. APG Asset Management N.V. raised its position in shares of Robert Half International by 31.3% in the third quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock valued at $98,395,000 after buying an additional 466,400 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Robert Half International in the third quarter valued at approximately $762,000. Cardinal Capital Management increased its stake in Robert Half International by 12.6% in the third quarter. Cardinal Capital Management now owns 25,064 shares of the business services provider’s stock valued at $1,261,000 after acquiring an additional 2,797 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Robert Half International by 19.0% in the second quarter. Goldman Sachs Group Inc. now owns 888,709 shares of the business services provider’s stock valued at $42,596,000 after acquiring an additional 141,731 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Robert Half International by 39.8% in the third quarter. Victory Capital Management Inc. now owns 36,277 shares of the business services provider’s stock valued at $1,826,000 after acquiring an additional 10,326 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.
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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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