Robert Half International (RHI) Shares Down 5.9%
Robert Half International Inc. (NYSE:RHI)’s share price fell 5.9% on Tuesday . The company traded as low as $53.17 and last traded at $53.29. 2,230,502 shares traded hands during trading, an increase of 110% from the average session volume of 1,062,459 shares. The stock had previously closed at $56.66.
A number of brokerages recently weighed in on RHI. ValuEngine downgraded shares of Robert Half International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Macquarie downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $56.66 to $42.00 in a report on Tuesday. BidaskClub downgraded shares of Robert Half International from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. BMO Capital Markets restated a “hold” rating and set a $49.00 target price on shares of Robert Half International in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $50.78.
The firm has a market cap of $7,029.62, a price-to-earnings ratio of 21.99 and a beta of 1.32.
Robert Half International (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Robert Half International’s revenue for the quarter was down 1.0% on a year-over-year basis. analysts anticipate that Robert Half International Inc. will post 2.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 1.80%. Robert Half International’s dividend payout ratio is currently 37.65%.
In other Robert Half International news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $52.31, for a total value of $5,231,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the transaction, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. grew its stake in shares of Robert Half International by 405.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,600 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia grew its stake in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares in the last quarter. Bremer Trust National Association acquired a new position in shares of Robert Half International in the third quarter valued at about $205,000. Finally, Smithfield Trust Co. acquired a new position in shares of Robert Half International in the third quarter valued at about $206,000. Institutional investors and hedge funds own 85.33% of the company’s stock.
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Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.
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