Robert Half International Inc. (NYSE:RHI) was the recipient of unusually large options trading on Wednesday. Traders purchased 3,055 call options on the stock. This is an increase of approximately 1,383% compared to the average volume of 206 call options.
Several equities research analysts have weighed in on RHI shares. Credit Suisse Group downgraded Robert Half International from a “neutral” rating to an “underperform” rating and set a $50.00 price target on the stock. in a report on Thursday, November 19th. BMO Capital Markets raised Robert Half International from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $58.00 to $71.00 in a research report on Monday, November 23rd. Royal Bank of Canada increased their price objective on Robert Half International from $54.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. They noted that the move was a valuation call. Cfra raised Robert Half International from a “sell” rating to a “buy” rating in a research report on Friday, October 23rd. Finally, Robert W. Baird increased their price objective on Robert Half International from $66.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, January 4th. Three research 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. Robert Half International currently has a consensus rating of “Hold” and a consensus target price of $63.11.
Several institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in Robert Half International by 1.1% in the 3rd quarter. ProShare Advisors LLC now owns 16,331 shares of the business services provider’s stock valued at $865,000 after purchasing an additional 176 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Robert Half International by 2.1% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,279 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 215 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Robert Half International by 4.7% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,647 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 252 shares in the last quarter. Seeyond increased its stake in Robert Half International by 2.0% in the 3rd quarter. Seeyond now owns 14,256 shares of the business services provider’s stock valued at $755,000 after purchasing an additional 281 shares in the last quarter. Finally, American National Bank increased its stake in Robert Half International by 3.1% in the 3rd quarter. American National Bank now owns 10,877 shares of the business services provider’s stock valued at $576,000 after purchasing an additional 325 shares in the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.
Shares of RHI traded down $0.77 during mid-day trading on Wednesday, hitting $63.63. The company’s stock had a trading volume of 1,046,344 shares, compared to its average volume of 1,099,710. The firm has a 50-day simple moving average of $63.73 and a 200 day simple moving average of $56.71. The firm has a market capitalization of $7.25 billion, a P/E ratio of 20.19, a P/E/G ratio of 5.21 and a beta of 1.53. Robert Half International has a 1-year low of $32.38 and a 1-year high of $67.23.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Robert Half International had a return on equity of 32.24% and a net margin of 6.42%. The company’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. Sell-side analysts anticipate that Robert Half International will post 2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 25th were issued a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, November 24th. This represents a $1.36 annualized dividend and a dividend yield of 2.14%. Robert Half International’s dividend payout ratio is currently 34.87%.
About Robert Half International
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 services 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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