Robert Half International (NYSE:RHI) Shares Gap Down to $56.32

Robert Half International Inc. (NYSE:RHI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $56.32, but opened at $51.74. Robert Half International shares last traded at $51.74, with a volume of 4 shares.

A number of research analysts have weighed in on RHI shares. Royal Bank of Canada increased their price target on Robert Half International from $54.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Friday. They noted that the move was a valuation call. BMO Capital Markets increased their price target on Robert Half International from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. SunTrust Banks increased their target price on Robert Half International from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Cfra raised Robert Half International from a “sell” rating to a “buy” rating in a research report on Friday. Finally, Credit Suisse Group cut their target price on Robert Half International from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $55.67.

The stock’s fifty day simple moving average is $54.34 and its 200-day simple moving average is $51.19. The stock has a market cap of $5.92 billion, a P/E ratio of 16.20, a PEG ratio of 5.21 and a beta of 1.53.

Robert Half International (NYSE:RHI) last issued its earnings results on Thursday, October 22nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Robert Half International had a net margin of 6.42% and a return on equity of 32.24%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $1.01 earnings per share. Robert Half International’s revenue was down 23.3% on a year-over-year basis. On average, research analysts predict that Robert Half International Inc. will post 2.46 earnings per share for the current fiscal year.

In related news, Director Marc Morial sold 3,575 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $55.93, for a total transaction of $199,949.75. 2.90% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in RHI. Obermeyer Wood Investment Counsel Lllp grew its position in Robert Half International by 2.2% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 562,657 shares of the business services provider’s stock worth $29,787,000 after buying an additional 12,108 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Robert Half International in the third quarter worth approximately $86,000. Cerebellum GP LLC acquired a new position in Robert Half International in the third quarter worth approximately $63,000. Cambiar Investors LLC grew its position in Robert Half International by 0.7% in the third quarter. Cambiar Investors LLC now owns 102,645 shares of the business services provider’s stock worth $5,434,000 after buying an additional 749 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its position in Robert Half International by 2.7% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 14,337 shares of the business services provider’s stock worth $759,000 after buying an additional 380 shares during the last quarter. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

About Robert Half International (NYSE:RHI)

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 personnel 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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