Robert Half International Inc. (NYSE:RHI) had its price objective boosted by Robert W. Baird from $50.00 to $55.00 in a research note issued to investors on Wednesday, October 25th. Robert W. Baird currently has an outperform rating on the business services provider’s stock.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Robert Half International from a hold rating to a buy rating in a report on Friday, September 22nd. Royal Bank of Canada reaffirmed a hold rating on shares of Robert Half International in a research report on Friday, October 13th. BMO Capital Markets reaffirmed a hold rating and issued a $49.00 target price on shares of Robert Half International in a research report on Friday, October 13th. SunTrust Banks, Inc. lowered Robert Half International from a buy rating to a hold rating and set a $52.00 target price on the stock. in a research report on Wednesday, October 11th. Finally, Zacks Investment Research lowered Robert Half International from a hold rating to a sell rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $51.88.
Robert Half International (NYSE:RHI) opened at $52.90 on Wednesday. Robert Half International has a 12 month low of $41.62 and a 12 month high of $53.50. The stock has a market cap of $6,587.13, a price-to-earnings ratio of 20.61 and a beta of 1.29.
Robert Half International (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. research analysts expect that Robert Half International will post 2.58 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s payout ratio is 37.65%.
In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RHI. Fuller & Thaler Asset Management Inc. increased its holdings in Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 1,600 shares in the last quarter. Seven Eight Capital LP increased its stake in shares of Robert Half International by 134.7% in the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Robert Half International by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after buying an additional 114 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Robert Half International in the 1st quarter valued at $148,000. Finally, Globeflex Capital L P acquired a new stake in shares of Robert Half International in the 2nd quarter valued at $197,000. 84.22% of the stock is owned by institutional investors and hedge funds.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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