Robert Half International Inc. (NYSE:RHI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $72.61, but opened at $73.97. Robert Half International shares last traded at $75.35, with a volume of 61214 shares trading hands.
A number of research firms have recently issued reports on RHI. Robert W. Baird increased their price objective on shares of Robert Half International from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Barclays lifted 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 research report on Wednesday, July 18th. Zacks Investment Research lowered shares of Robert Half International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. BMO Capital Markets lifted their target price on shares of Robert Half International from $68.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, July 25th. Finally, SunTrust Banks reissued a “hold” rating and issued a $76.00 price target on shares of Robert Half International in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.00.
The firm has a market capitalization of $9.57 billion, a P/E ratio of 29.02 and a beta of 1.18.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 24th. The business services provider reported $0.89 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.64 EPS. The firm’s revenue was up 11.4% on a year-over-year basis. equities research analysts predict that Robert Half International Inc. will post 3.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
In other news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total value of $3,100,000.00. Following the completion of the transaction, the executive vice president now owns 271,364 shares in the company, valued at approximately $21,030,710. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Robert Half International by 8.5% in the 1st quarter. Wells Fargo & Company MN now owns 414,862 shares of the business services provider’s stock valued at $24,017,000 after purchasing an additional 32,455 shares in the last quarter. Comerica Bank boosted its holdings in shares of Robert Half International by 10.0% in the first quarter. Comerica Bank now owns 35,011 shares of the business services provider’s stock worth $2,120,000 after acquiring an additional 3,171 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Robert Half International by 13.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 427,325 shares of the business services provider’s stock worth $24,738,000 after acquiring an additional 50,883 shares during the period. Westpac Banking Corp boosted its holdings in shares of Robert Half International by 220.9% in the first quarter. Westpac Banking Corp now owns 27,878 shares of the business services provider’s stock worth $1,614,000 after acquiring an additional 19,191 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Robert Half International by 191.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 34,879 shares of the business services provider’s stock worth $2,033,000 after acquiring an additional 22,912 shares during the period. Institutional investors and hedge funds own 88.34% of the company’s stock.
About Robert Half International (NYSE:RHI)
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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