Robert Half International Inc. (NYSE:RHI) was downgraded by equities researchers at Northcoast Research from a “neutral” rating to a “sell” rating in a report released on Thursday.
Other equities analysts have also issued reports about the stock. Deutsche Bank AG initiated coverage on shares of Robert Half International in a report on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price target on the stock. RBC Capital Markets set a $42.00 price target on shares of Robert Half International and gave the stock a “buy” rating in a report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Robert Half International in a report on Monday, June 27th. Zacks Investment Research raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BMO Capital Markets lowered shares of Robert Half International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $45.00 to $36.00 in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.53.
Robert Half International (NYSE:RHI) traded down 3.921% during midday trading on Thursday, reaching $37.125. The company’s stock had a trading volume of 477,603 shares. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 13.297 and a beta of 1.29. Robert Half International has a one year low of $34.34 and a one year high of $54.01. The stock’s 50 day moving average price is $37.87 and its 200-day moving average price is $39.94.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. Robert Half International had a return on equity of 35.42% and a net margin of 6.94%. The firm earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. Robert Half International’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts forecast that Robert Half International will post $2.75 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a $0.22 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.28%. Robert Half International’s dividend payout ratio (DPR) is currently 31.54%.
In other Robert Half International news, insider Robert W. Glass sold 30,061 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.93, for a total value of $1,110,152.73. Following the completion of the transaction, the insider now owns 340,972 shares in the company, valued at $12,592,095.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of RHI. Bank of Montreal Can purchased a new position in shares of Robert Half International during the second quarter worth $37,277,000. Acadian Asset Management LLC increased its position in shares of Robert Half International by 495.9% in the second quarter. Acadian Asset Management LLC now owns 20,743 shares of the company’s stock worth $793,000 after buying an additional 17,262 shares during the period. Renaissance Technologies LLC increased its position in shares of Robert Half International by 45.7% in the first quarter. Renaissance Technologies LLC now owns 1,049,000 shares of the company’s stock worth $48,862,000 after buying an additional 328,800 shares during the period. AMP Capital Investors Ltd increased its position in shares of Robert Half International by 6.5% in the first quarter. AMP Capital Investors Ltd now owns 146,865 shares of the company’s stock worth $6,734,000 after buying an additional 8,922 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Robert Half International by 65.0% in the second quarter. Nisa Investment Advisors LLC now owns 66,839 shares of the company’s stock worth $2,551,000 after buying an additional 26,341 shares during the period. Institutional investors and hedge funds own 85.17% of the company’s stock.
About Robert Half International
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
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