Goldman Sachs Group downgraded shares of Robert Half International (NYSE:RHI) from a neutral rating to a sell rating in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have $67.00 target price on the business services provider’s stock, down from their prior target price of $70.00.
Other equities research analysts also recently issued reports about the stock. Barclays boosted their target price on shares of Robert Half International from $66.00 to $72.00 and gave the company a $68.51 rating in a report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Robert Half International from a strong-buy rating to a hold rating in a report on Tuesday, June 26th. SunTrust Banks reiterated a hold rating and set a $76.00 price objective on shares of Robert Half International in a research note on Wednesday, July 25th. BMO Capital Markets boosted their price objective on shares of 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. Finally, Robert W. Baird boosted their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the stock an outperform rating in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $65.00.
Robert Half International stock opened at $74.08 on Wednesday. Robert Half International has a 1 year low of $44.38 and a 1 year high of $79.91. The company has a market capitalization of $9.57 billion, a P/E ratio of 25.89 and a beta of 1.18.
Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 24th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. Robert Half International had a net margin of 6.11% and a return on equity of 33.44%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $0.64 earnings per share. Robert Half International’s revenue was up 11.4% compared to the same quarter last year. equities analysts anticipate that Robert Half International will post 3.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, August 23rd. This represents a $1.12 annualized dividend and a yield of 1.51%. Robert Half International’s dividend payout ratio is currently 43.08%.
In other Robert Half International news, EVP Robert W. Glass sold 40,000 shares of the business’s 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 directly owns 271,364 shares in the company, valued at $21,030,710. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. Summit Trail Advisors LLC boosted its stake in shares of Robert Half International by 5,585.0% in the first quarter. Summit Trail Advisors LLC now owns 100,739 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 98,967 shares during the period. Ostrum Asset Management purchased a new position in shares of Robert Half International in the first quarter valued at $113,000. Rampart Investment Management Company LLC boosted its stake in shares of Robert Half International by 112.7% in the first quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 1,768 shares during the period. Cleararc Capital Inc. purchased a new position in shares of Robert Half International in the second quarter valued at $205,000. Finally, TNB Financial purchased a new position in shares of Robert Half International in the second quarter valued at $209,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
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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