Traders Buy Large Volume of Put Options on Robert Half International (NYSE:RHI)


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Robert Half International Inc. (NYSE:RHI) saw unusually large options trading on Tuesday. Investors acquired 1,610 put options on the company. This represents an increase of approximately 1,669% compared to the typical daily volume of 91 put options.

NYSE RHI opened at $81.25 on Wednesday. Robert Half International has a 12-month low of $39.27 and a 12-month high of $83.87. The company has a market cap of $9.19 billion, a P/E ratio of 28.51, a PEG ratio of 4.54 and a beta of 1.65. The company has a fifty day simple moving average of $78.28 and a 200 day simple moving average of $67.35.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Thursday, January 28th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. Robert Half International had a return on equity of 28.09% and a net margin of 6.08%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was down 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Robert Half International will post 2.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Thursday, February 25th were issued a dividend of $0.38 per share. This is a boost from Robert Half International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 24th. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. Robert Half International’s dividend payout ratio is 38.97%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. IronBridge Private Wealth LLC bought a new position in Robert Half International in the fourth quarter worth $27,000. Crescent Capital Consulting LLC bought a new stake in shares of Robert Half International in the 4th quarter worth $28,000. Bogart Wealth LLC bought a new position in shares of Robert Half International during the first quarter valued at $30,000. TD Ameritrade Investment Management LLC bought a new stake in Robert Half International in the 4th quarter worth about $38,000. Finally, IFP Advisors Inc lifted its stake in Robert Half International by 723.8% during the 4th quarter. IFP Advisors Inc now owns 659 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 579 shares during the period. Institutional investors and hedge funds own 90.69% of the company’s stock.

Several research analysts have weighed in on the company. Credit Suisse Group increased their price objective on Robert Half International from $50.00 to $60.00 and gave the stock an “underperform” rating in a research report on Friday, January 29th. Robert W. Baird raised their price target on shares of Robert Half International from $66.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, January 4th. Bank of America raised Robert Half International from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 3rd. Truist increased their price target on Robert Half International from $52.00 to $67.00 in a research note on Wednesday, February 3rd. Finally, BMO Capital Markets lifted their price objective on Robert Half International from $73.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, January 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $69.13.

About Robert Half International

Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.

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