Robert W. Glass Sells 40,000 Shares of Robert Half International Inc. (RHI) Stock

Robert Half International Inc. (NYSE:RHI) EVP Robert W. Glass sold 40,000 shares of Robert Half International stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $77.50, for a total value of $3,100,000.00. Following the sale, the executive vice president now directly owns 271,364 shares of the company’s stock, valued at $21,030,710. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RHI opened at $78.09 on Friday. Robert Half International Inc. has a one year low of $42.92 and a one year high of $79.91. The stock has a market cap of $9.71 billion, a PE ratio of 30.03 and a beta of 1.20.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 24th. The business services provider reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.04. Robert Half International had a return on equity of 33.44% and a net margin of 6.11%. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. research analysts forecast that Robert Half International Inc. will post 3.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 24th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.

RHI has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $59.00 price target on shares of Robert Half International in a report on Thursday, April 19th. SunTrust Banks reiterated a “hold” rating and set a $62.00 target price on shares of Robert Half International in a research report on Wednesday, April 25th. Robert W. Baird lifted their target price on Robert Half International from $67.00 to $68.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 25th. Zacks Investment Research upgraded Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Thursday, April 26th. Finally, Barclays lifted their target price on Robert Half International from $66.00 to $72.00 and gave the stock a “$68.51” rating in a research report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.64.

A number of hedge funds have recently modified their holdings of the stock. Boston Partners increased its position in Robert Half International by 1.7% in the 1st quarter. Boston Partners now owns 5,014,821 shares of the business services provider’s stock valued at $290,308,000 after acquiring an additional 84,989 shares during the period. Fiduciary Management Inc. WI increased its position in Robert Half International by 1.5% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,109,423 shares of the business services provider’s stock valued at $122,114,000 after acquiring an additional 32,165 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in Robert Half International by 361.4% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,375,033 shares of the business services provider’s stock valued at $79,600,000 after acquiring an additional 1,077,023 shares during the period. Schwab Charles Investment Management Inc. increased its position in Robert Half International by 10.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,359,734 shares of the business services provider’s stock valued at $88,519,000 after acquiring an additional 124,657 shares during the period. Finally, Morgan Stanley increased its position in Robert Half International by 199.6% in the 2nd quarter. Morgan Stanley now owns 1,135,605 shares of the business services provider’s stock valued at $73,927,000 after acquiring an additional 756,618 shares during the period. Hedge funds and other institutional investors own 88.37% of the company’s stock.

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.

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