Robert Half International Inc. (NYSE:RHI) CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total transaction of $5,806,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Robert Half International Inc. (RHI) opened at $57.85 on Friday. Robert Half International Inc. has a 1 year low of $42.92 and a 1 year high of $60.59. The company has a market cap of $7,250.00, a P/E ratio of 22.25 and a beta of 1.27.
Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. analysts anticipate that Robert Half International Inc. will post 3.23 earnings per share for the current year.
Robert Half International declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 13th that allows the company to repurchase 10,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.
Hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its position in Robert Half International by 405.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,600 shares during the period. Tower Research Capital LLC TRC purchased a new position in Robert Half International in the 4th quarter valued at approximately $101,000. Assetmark Inc. boosted its position in Robert Half International by 47,875.0% in the 4th quarter. Assetmark Inc. now owns 1,919 shares of the business services provider’s stock valued at $107,000 after buying an additional 1,915 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Robert Half International in the 4th quarter valued at approximately $138,000. Finally, James Hambro & Partners purchased a new position in Robert Half International in the 4th quarter valued at approximately $164,000. 83.44% of the stock is owned by institutional investors.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $57.00 price objective on shares of Robert Half International in a research report on Wednesday, December 27th. Robert W. Baird reaffirmed a “buy” rating and set a $67.00 price objective on shares of Robert Half International in a research report on Wednesday, January 31st. Macquarie cut shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $56.66 to $42.00 in a research report on Tuesday, December 5th. Deutsche Bank increased their price objective on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, BMO Capital Markets increased their price objective on shares of Robert Half International from $53.00 to $58.00 and gave the stock a “market perform” rating in a research report on Friday, December 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.22.
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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