Robert Half International (RHI) Cut to Underperform at Macquarie

Macquarie downgraded shares of Robert Half International (NYSE:RHI) from a neutral rating to an underperform rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Macquarie currently has $42.00 price target on the business services provider’s stock, down from their prior price target of $56.66.

A number of other analysts have also recently issued reports on RHI. ValuEngine cut Robert Half International from a buy rating to a hold rating in a research report on Friday, December 1st. BidaskClub lowered Robert Half International from a sell rating to a strong sell rating in a research note on Friday, August 18th. BMO Capital Markets reiterated a hold rating and set a $49.00 target price on shares of Robert Half International in a research note on Friday, October 13th. Zacks Investment Research upgraded Robert Half International from a sell rating to a hold rating in a research note on Thursday, October 26th. Finally, Royal Bank Of Canada reiterated a hold rating on shares of Robert Half International in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Robert Half International has an average rating of Hold and a consensus price target of $50.78.

Shares of Robert Half International (RHI) opened at $54.68 on Tuesday. Robert Half International has a 52-week low of $42.92 and a 52-week high of $57.67. The stock has a market capitalization of $6,709.98, a P/E ratio of 20.99 and a beta of 1.32.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.71 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. equities research analysts predict that Robert Half International will post 2.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.76%. Robert Half International’s dividend payout ratio (DPR) is currently 37.65%.

In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert W. Glass sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total value of $274,650.00. Following the transaction, the insider now owns 321,428 shares in the company, valued at approximately $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of RHI. Fuller & Thaler Asset Management Inc. increased its stake in Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,600 shares during the period. Seven Eight Capital LP increased its stake in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,400 shares during the period. Commonwealth Bank of Australia increased its stake in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares during the period. Globeflex Capital L P bought a new position in Robert Half International during the 2nd quarter worth $197,000. Finally, Hikari Power Ltd bought a new position in Robert Half International during the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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About Robert Half International

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.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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