Robert Half International Inc. (NYSE:RHI) has received an average rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $68.31.
A number of research analysts have recently issued reports on RHI shares. Zacks Investment Research downgraded Robert Half International from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Bank of America assumed coverage on Robert Half International in a research report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. Nomura upped their price objective on Robert Half International from $80.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. BMO Capital Markets upped their price objective on Robert Half International from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th.
Shares of NYSE:RHI traded down $2.15 during midday trading on Monday, reaching $62.84. 1,654,662 shares of the company’s stock traded hands, compared to its average volume of 1,914,607. The company has a market cap of $7.83 billion, a P/E ratio of 24.17, a PEG ratio of 1.36 and a beta of 1.31. Robert Half International has a one year low of $51.35 and a one year high of $79.91.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 23rd. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Robert Half International had a return on equity of 36.34% and a net margin of 6.49%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. On average, sell-side analysts expect that Robert Half International will post 3.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 23rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 21st. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
In related news, EVP Robert W. Glass sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was 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 in the company, valued at $21,030,710. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Trexquant Investment LP increased its position in Robert Half International by 297.0% in the third quarter. Trexquant Investment LP now owns 50,978 shares of the business services provider’s stock worth $3,588,000 after buying an additional 38,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Robert Half International by 95.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,943 shares of the business services provider’s stock worth $6,330,000 after buying an additional 43,915 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in Robert Half International by 25.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 199,243 shares of the business services provider’s stock worth $14,023,000 after buying an additional 40,717 shares in the last quarter. Bank of Hawaii increased its position in Robert Half International by 50.5% in the third quarter. Bank of Hawaii now owns 19,920 shares of the business services provider’s stock worth $1,402,000 after buying an additional 6,680 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new stake in Robert Half International in the third quarter worth about $3,629,000. Institutional investors and hedge funds own 89.70% of the company’s stock.
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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