Robert Half International (RHI) Raised to Overweight at Barclays

Barclays upgraded shares of Robert Half International (NYSE:RHI) from an equal weight rating to an overweight rating in a report issued on Tuesday morning, Marketbeat.com reports. Barclays currently has $66.00 target price on the business services provider’s stock, up from their prior target price of $62.00.

RHI has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a hold rating and set a $57.00 price target on shares of Robert Half International in a report on Wednesday, December 27th. Macquarie cut Robert Half International from a neutral rating to an underperform rating and dropped their price target for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. Deutsche Bank raised their price target on Robert Half International from $58.00 to $65.00 and gave the company a buy rating in a report on Thursday, December 28th. SunTrust Banks raised their price target on Robert Half International to $58.00 and gave the company a hold rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets raised their price target on Robert Half International from $53.00 to $58.00 and gave the company a market perform rating in a report on Friday, December 29th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Robert Half International has an average rating of Hold and an average price target of $58.20.

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RHI stock opened at $57.15 on Tuesday. Robert Half International has a fifty-two week low of $42.92 and a fifty-two week high of $60.59. The firm has a market cap of $7,360.01, a P/E ratio of 22.87 and a beta of 1.18.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.61 EPS. The business’s revenue was up 6.4% on a year-over-year basis. equities analysts anticipate that Robert Half International will post 3.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.28 dividend. This is a boost from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 22nd. Robert Half International’s dividend payout ratio (DPR) is 43.08%.

Robert Half International announced that its board has approved a stock buyback plan on Tuesday, February 13th that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total value of $5,806,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Paul F. Gentzkow sold 205,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $56.31, for a total value of $11,543,550.00. Following the completion of the transaction, the chief operating officer now owns 499,733 shares in the company, valued at $28,139,965.23. The disclosure for this sale can be found here. Insiders sold a total of 457,247 shares of company stock valued at $25,936,679 over the last three months. Insiders own 3.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. APG Asset Management N.V. boosted its position in shares of Robert Half International by 21.7% in the 4th quarter. APG Asset Management N.V. now owns 2,378,508 shares of the business services provider’s stock worth $110,012,000 after purchasing an additional 423,900 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Robert Half International by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,934,185 shares of the business services provider’s stock worth $107,277,000 after purchasing an additional 42,558 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Robert Half International by 8.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,651,938 shares of the business services provider’s stock worth $91,749,000 after purchasing an additional 121,785 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Robert Half International by 2.9% in the 3rd quarter. Sterling Capital Management LLC now owns 1,497,933 shares of the business services provider’s stock worth $75,406,000 after purchasing an additional 42,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Robert Half International by 30.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 993,577 shares of the business services provider’s stock worth $50,017,000 after purchasing an additional 233,865 shares during the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.

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About Robert Half International

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.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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