Analysts Set Robert Half International (RHI) PT at $58.30

Robert Half International (NYSE:RHI) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.55.

Several brokerages have weighed in on RHI. SunTrust Banks reissued a “hold” rating and set a $62.00 price target on shares of Robert Half International in a research report on Wednesday. BMO Capital Markets reissued a “hold” rating and set a $59.00 price target on shares of Robert Half International in a research report on Thursday, April 19th. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Thursday. Robert W. Baird increased their price target on shares of Robert Half International from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays raised shares of Robert Half International from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $62.00 to $66.00 in a research report on Tuesday, April 3rd.

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

Several large investors have recently bought and sold shares of RHI. Glenmede Trust Co. NA lifted its position in shares of Robert Half International by 7,491.5% in the 4th quarter. Glenmede Trust Co. NA now owns 450,554 shares of the business services provider’s stock worth $25,022,000 after purchasing an additional 444,619 shares during the period. APG Asset Management N.V. lifted 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 period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Robert Half International in the 4th quarter worth about $16,362,000. Acadian Asset Management LLC lifted its position in shares of Robert Half International by 330.5% in the 4th quarter. Acadian Asset Management LLC now owns 346,740 shares of the business services provider’s stock worth $19,256,000 after purchasing an additional 266,200 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in shares of Robert Half International by 717.6% in the 4th quarter. State of Tennessee Treasury Department now owns 282,944 shares of the business services provider’s stock worth $15,715,000 after purchasing an additional 248,338 shares during the period. 85.78% of the stock is owned by hedge funds and other institutional investors.

Shares of RHI stock traded up $0.23 on Thursday, hitting $60.71. 1,753,184 shares of the company’s stock traded hands, compared to its average volume of 1,228,490. Robert Half International has a one year low of $42.92 and a one year high of $61.40. The firm has a market cap of $7,102.66, a P/E ratio of 23.35 and a beta of 1.18.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, April 24th. The business services provider reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.06. Robert Half International had a net margin of 5.73% and a return on equity of 30.87%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. equities analysts predict that Robert Half International will post 3.23 earnings per share for the current fiscal year.

Robert Half International announced that its board has approved a stock buyback program on Tuesday, February 13th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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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