Paul F. Gentzkow Sells 205,000 Shares of Robert Half International Inc. (RHI) Stock

Robert Half International Inc. (NYSE:RHI) COO Paul F. Gentzkow sold 205,000 shares of Robert Half International stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $56.31, for a total transaction of $11,543,550.00. Following the sale, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Robert Half International Inc. (NYSE RHI) traded up $1.04 during mid-day trading on Tuesday, reaching $54.64. 1,423,210 shares of the company traded hands, compared to its average volume of 1,149,047. The stock has a market capitalization of $6,671.12, a price-to-earnings ratio of 23.55 and a beta of 1.27. Robert Half International Inc. has a 12 month low of $42.92 and a 12 month high of $60.59.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts forecast that Robert Half International Inc. will post 3.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be issued a $0.28 dividend. This is a positive change from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a yield of 2.05%. Robert Half International’s payout ratio is currently 41.38%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Janus Henderson Group PLC lifted its stake in shares of Robert Half International by 4,051.8% during the second quarter. Janus Henderson Group PLC now owns 921,072 shares of the business services provider’s stock worth $44,147,000 after buying an additional 898,887 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Robert Half International by 42.1% during the second quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock worth $88,788,000 after buying an additional 548,507 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Robert Half International during the third quarter worth $24,741,000. APG Asset Management N.V. lifted its stake in shares of Robert Half International by 31.3% during the third quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock worth $98,395,000 after buying an additional 466,400 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Robert Half International during the third quarter worth $16,119,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on RHI shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $57.00 price target on shares of Robert Half International in a research note on Wednesday, December 27th. Credit Suisse Group lifted their price target on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research downgraded shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Macquarie lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. Finally, Deutsche Bank lifted their price objective on shares of Robert Half International from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, December 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $57.22.

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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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