Shares of Robert Half International Inc. (NYSE:RHI) gapped up prior to trading on Thursday after ValuEngine upgraded the stock from a hold rating to a buy rating. The stock had previously closed at $65.24, but opened at $65.19. Robert Half International shares last traded at $64.35, with a volume of 531129 shares trading hands.
Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Thursday, October 25th. Bank of America started coverage on shares of Robert Half International in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Nomura lowered their price target on shares of Robert Half International to $80.00 and set a “buy” rating on the stock in a report on Wednesday, January 16th. SunTrust Banks increased their price target on shares of Robert Half International to $70.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, BMO Capital Markets increased their price target on shares of Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $69.30.
A number of large investors have recently bought and sold shares of RHI. Swedbank acquired a new position in Robert Half International during the third quarter worth $99,177,000. Vanguard Group Inc raised its position in Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock worth $1,026,877,000 after acquiring an additional 1,053,543 shares during the period. Wedge Capital Management L L P NC acquired a new position in Robert Half International during the third quarter worth $33,653,000. AQR Capital Management LLC raised its position in Robert Half International by 8.4% during the third quarter. AQR Capital Management LLC now owns 5,449,282 shares of the business services provider’s stock worth $383,520,000 after acquiring an additional 423,389 shares during the period. Finally, Morgan Stanley raised its position in Robert Half International by 37.3% during the third quarter. Morgan Stanley now owns 1,558,820 shares of the business services provider’s stock worth $109,710,000 after acquiring an additional 423,215 shares during the period. Institutional investors own 92.08% of the company’s stock.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 29th. The business services provider reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.04. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.15%. On average, research analysts predict that Robert Half International Inc. will post 3.92 earnings per share for the current fiscal year.
Robert Half International Company Profile (NYSE:RHI)
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.
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