Shares of Robert Half International Inc. (NYSE:RHI) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $69.78.
A number of research analysts have weighed in on RHI shares. Nomura dropped their target price on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, January 16th. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. SunTrust Banks boosted their target price on shares of Robert Half International to $70.00 and gave the company a “hold” rating in a research note on Wednesday, January 30th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a research report on Monday, January 28th. Finally, Bank of America lowered shares of Robert Half International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd.
Robert Half International stock opened at $65.34 on Friday. The stock has a market cap of $7.81 billion, a P/E ratio of 18.10, a PEG ratio of 1.90 and a beta of 1.34. Robert Half International has a fifty-two week low of $52.79 and a fifty-two week high of $79.91.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%. As a group, analysts predict that Robert Half International will post 4.08 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, February 25th will be given a $0.31 dividend. The ex-dividend date is Friday, February 22nd. This represents a $1.24 annualized dividend and a dividend yield of 1.90%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.28. Robert Half International’s payout ratio is 34.35%.
In other news, COO Paul F. Gentzkow sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $66.17, for a total value of $4,962,750.00. Following the sale, the chief operating officer now owns 352,476 shares of the company’s stock, valued at $23,323,336.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RHI. MUFG Securities EMEA plc increased its holdings in Robert Half International by 6,212.1% during the 4th quarter. MUFG Securities EMEA plc now owns 209,500 shares of the business services provider’s stock worth $11,983,000 after acquiring an additional 206,181 shares during the period. American Century Companies Inc. increased its holdings in Robert Half International by 5.3% during the 4th quarter. American Century Companies Inc. now owns 1,140,297 shares of the business services provider’s stock worth $65,225,000 after acquiring an additional 57,358 shares during the period. Norges Bank bought a new stake in Robert Half International during the 4th quarter worth approximately $65,054,000. Teacher Retirement System of Texas increased its holdings in Robert Half International by 75.4% during the 4th quarter. Teacher Retirement System of Texas now owns 848,194 shares of the business services provider’s stock worth $48,517,000 after acquiring an additional 364,586 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in Robert Half International by 6.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 16,106 shares of the business services provider’s stock worth $921,000 after acquiring an additional 950 shares during the period. 93.72% of the stock is currently owned by institutional investors.
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 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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