Several other research firms have also recently issued reports on RHI. Zacks Investment Research cut shares of Robert Half International from a hold rating to a sell rating in a research note on Wednesday, June 21st. ValuEngine cut shares of Robert Half International from a buy rating to a hold rating in a research note on Thursday, June 1st. Finally, BMO Capital Markets reiterated a hold rating and issued a $45.00 target price on shares of Robert Half International in a research note on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Robert Half International presently has an average rating of Hold and an average target price of $47.25.
Shares of Robert Half International (RHI) traded down 0.56% during mid-day trading on Friday, hitting $48.33. 865,470 shares of the stock traded hands. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 18.23 and a beta of 1.24. Robert Half International has a 12 month low of $34.42 and a 12 month high of $50.98. The firm has a 50 day moving average of $47.05 and a 200 day moving average of $47.65.
Robert Half International (NYSE:RHI) last posted its earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $0.64 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Robert Half International will post $2.66 EPS for the current fiscal year.
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In other Robert Half International news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the completion of the transaction, the insider now directly owns 326,428 shares in the company, valued at $15,456,365.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in Robert Half International by 6.4% in the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after buying an additional 148 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock worth $138,000 after buying an additional 1,328 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Robert Half International during the first quarter worth about $148,000. Ameritas Investment Partners Inc. acquired a new stake in Robert Half International during the first quarter worth about $152,000. Finally, Daiwa Securities Group Inc. raised its stake in Robert Half International by 16.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,600 shares of the business services provider’s stock worth $176,000 after buying an additional 500 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.
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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