Robert Half International Inc. (NYSE:RHI) has earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $65.10.
A number of equities research analysts have recently weighed in on RHI shares. Zacks Investment Research downgraded Robert Half International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Barclays raised their price target on Robert Half International from $66.00 to $72.00 and gave the stock a “$68.51” rating in a research note on Wednesday, July 18th. BMO Capital Markets raised their price target on Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 25th. Robert W. Baird raised their price target on Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $76.00 price target on shares of Robert Half International in a research note on Wednesday, July 25th.
In related news, EVP Robert W. Glass sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the completion of the sale, the executive vice president now owns 271,364 shares of the company’s stock, valued at approximately $21,030,710. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiduciary Management Inc. WI raised its stake in shares of Robert Half International by 1.5% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,109,423 shares of the business services provider’s stock valued at $122,114,000 after acquiring an additional 32,165 shares in the last quarter. Old Mutual Global Investors UK Ltd. grew its holdings in Robert Half International by 361.4% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,375,033 shares of the business services provider’s stock valued at $79,600,000 after buying an additional 1,077,023 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Robert Half International by 10.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,359,734 shares of the business services provider’s stock valued at $88,519,000 after buying an additional 124,657 shares during the last quarter. Morgan Stanley grew its holdings in Robert Half International by 199.6% in the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after buying an additional 756,618 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Robert Half International by 30.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,045,410 shares of the business services provider’s stock valued at $68,056,000 after buying an additional 243,777 shares during the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
Shares of NYSE:RHI traded down $0.84 during midday trading on Friday, reaching $71.70. The company had a trading volume of 1,270,214 shares, compared to its average volume of 1,158,145. Robert Half International has a 1-year low of $44.72 and a 1-year high of $79.91. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 27.58 and a beta of 1.18.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. Robert Half International had a return on equity of 33.44% and a net margin of 6.11%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. analysts anticipate that Robert Half International will post 3.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 24th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Thursday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
Robert Half International Company Profile
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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