Shares of Robert Half International Inc. (NYSE:RHI) have been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $51.25.
A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. BMO Capital Markets increased their price objective on Robert Half International from $49.00 to $53.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, BidaskClub upgraded Robert Half International from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.
In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert W. Glass sold 5,000 shares of the firm’s 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. Company insiders own 3.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. grew 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 buying an additional 1,600 shares during the last quarter. Seven Eight Capital LP grew its stake in shares of Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia grew its stake in shares of Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 114 shares during the last quarter. Bremer Trust National Association purchased a new position in shares of Robert Half International in the 3rd quarter valued at approximately $205,000. Finally, Smithfield Trust Co. purchased a new position in shares of Robert Half International in the 3rd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 85.12% of the company’s stock.
Robert Half International (NYSE:RHI) traded up $0.47 during mid-day trading on Friday, reaching $55.87. The company’s stock had a trading volume of 544,905 shares, compared to its average volume of 1,058,524. The firm has a market cap of $6,940.62, a price-to-earnings ratio of 21.71 and a beta of 1.32. Robert Half International has a 52 week low of $42.92 and a 52 week high of $57.67.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. research analysts anticipate that Robert Half International will post 2.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a yield of 1.72%. Robert Half International’s dividend payout ratio is presently 37.65%.
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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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