Robert Half International Inc. (RHI) Receives Average Recommendation of “Hold” from Analysts

Shares of Robert Half International Inc. (NYSE:RHI) have been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $65.10.

Several analysts have issued reports on the company. Robert W. Baird upped their price objective on Robert Half International from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Barclays upped their price objective on Robert Half International from $66.00 to $72.00 and gave the company a “$68.51” rating in a research note on Wednesday, July 18th. Zacks Investment Research lowered Robert Half International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. BMO Capital Markets upped their price objective on Robert Half International from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks restated a “hold” rating and issued a $76.00 price objective on shares of Robert Half International in a research note on Wednesday, July 25th.

In other news, EVP Robert W. Glass sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the transaction, the executive vice president now owns 271,364 shares in the company, valued at $21,030,710. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in Robert Half International by 1.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 433,752 shares of the business services provider’s stock worth $28,237,000 after buying an additional 6,427 shares in the last quarter. Todd Asset Management LLC acquired a new stake in shares of Robert Half International in the 2nd quarter valued at $16,535,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Robert Half International by 60.5% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 158,526 shares of the business services provider’s stock valued at $10,320,000 after purchasing an additional 59,744 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Robert Half International by 3.4% in the 2nd quarter. Captrust Financial Advisors now owns 22,621 shares of the business services provider’s stock valued at $1,473,000 after purchasing an additional 737 shares in the last quarter. Finally, BancorpSouth Bank boosted its holdings in shares of Robert Half International by 11.4% in the 2nd quarter. BancorpSouth Bank now owns 11,499 shares of the business services provider’s stock valued at $749,000 after purchasing an additional 1,179 shares in the last quarter. Institutional investors own 88.33% of the company’s stock.

NYSE:RHI traded down $0.84 on Friday, hitting $71.70. The company’s stock had a trading volume of 1,270,214 shares, compared to its average volume of 1,158,145. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 27.58 and a beta of 1.18. Robert Half International has a one year low of $44.72 and a one year high of $79.91.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 24th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.56%. Robert Half International’s dividend payout ratio (DPR) is currently 43.08%.

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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Analyst Recommendations for Robert Half International (NYSE:RHI)

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