Robert Half International (RHI) Cut to Underperform at Macquarie

Macquarie lowered shares of Robert Half International (NYSE:RHI) from a neutral rating to an underperform rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Macquarie currently has $42.00 price objective on the business services provider’s stock, down from their previous price objective of $56.66.

A number of other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Robert Half International from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Robert Half International from a sell rating to a hold rating in a research report on Thursday, October 26th. BMO Capital Markets raised their target price on shares of Robert Half International from $49.00 to $53.00 and gave the company a market perform rating in a research report on Wednesday, October 25th. Credit Suisse Group raised their target price on shares of Robert Half International from $40.00 to $41.00 and gave the company an underperform rating in a research report on Wednesday, October 25th. Finally, Nomura lifted their price objective on shares of Robert Half International from $53.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Robert Half International presently has a consensus rating of Hold and a consensus price target of $50.78.

Robert Half International (RHI) traded up $0.45 during trading on Tuesday, reaching $53.53. 1,306,500 shares of the company were exchanged, compared to its average volume of 1,064,676. The company has a market capitalization of $6,653.57, a P/E ratio of 20.82 and a beta of 1.32. Robert Half International has a 1-year low of $42.92 and a 1-year high of $57.67.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. equities research analysts predict that Robert Half International will post 2.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 37.65%.

In related news, insider Robert W. Glass sold 5,000 shares of Robert Half International stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the sale, the insider now owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of Robert Half International stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in RHI. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of 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 worth $100,000 after buying an additional 1,600 shares during the period. Seven Eight Capital LP boosted its holdings in shares of Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares during the period. Globeflex Capital L P bought a new stake in shares of Robert Half International during the 2nd quarter worth about $197,000. Finally, Hikari Power Ltd bought a new stake in shares of Robert Half International during the 2nd quarter worth about $204,000. 85.33% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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