Credit Suisse Group AG lowered shares of Robert Half International Inc. (NYSE:RHI) from a neutral rating to an underperform rating in a research report sent to investors on Monday. The brokerage currently has $33.00 target price on the stock, down from their previous target price of $37.00.
Several other research firms have also weighed in on RHI. Zacks Investment Research lowered shares of Robert Half International from a hold rating to a sell rating in a report on Monday, July 4th. BMO Capital Markets lowered shares of Robert Half International from an outperform rating to a market perform rating and reduced their target price for the company from $45.00 to $36.00 in a report on Wednesday, July 27th. Deutsche Bank AG initiated coverage on shares of Robert Half International in a report on Wednesday, August 17th. They set a buy rating and a $44.00 target price on the stock. RBC Capital Markets set a $42.00 target price on shares of Robert Half International and gave the company a buy rating in a report on Wednesday, July 27th. Finally, Royal Bank Of Canada reduced their target price on shares of Robert Half International from $48.00 to $42.00 and set an outperform rating on the stock in a report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Robert Half International has an average rating of Hold and an average price target of $45.53.
Robert Half International (NYSE:RHI) opened at 37.63 on Monday. The company has a 50-day moving average price of $37.89 and a 200 day moving average price of $39.81. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 13.48 and a beta of 1.26. Robert Half International has a 12-month low of $34.34 and a 12-month high of $54.01.
Robert Half International (NYSE:RHI) last announced its quarterly earnings data 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 net margin of 6.94% and a return on equity of 35.42%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Robert Half International will post $2.75 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were paid 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 2.34%. Robert Half International’s dividend payout ratio (DPR) is presently 31.54%.
In other 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 sale, the insider now owns 340,972 shares in the company, valued at approximately $12,592,095.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.40% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of RHI. Bank of Montreal Can bought a new stake in shares of Robert Half International during the second quarter worth about $37,277,000. Acadian Asset Management LLC raised its stake 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. Retirement Systems of Alabama raised its stake in shares of Robert Half International by 14.8% in the second quarter. Retirement Systems of Alabama now owns 392,024 shares of the company’s stock worth $14,960,000 after buying an additional 50,550 shares during the period. Renaissance Technologies LLC raised its stake 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. Finally, AMP Capital Investors Ltd raised its stake 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. 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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