Harold M. Messmer, Jr. Sells 100,000 Shares of Robert Half International Inc. (RHI) Stock

Robert Half International Inc. (NYSE:RHI) CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink.

Robert Half International Inc. (RHI) opened at $52.55 on Friday. Robert Half International Inc. has a 12 month low of $40.96 and a 12 month high of $53.50. The firm has a market cap of $6,630.00, a P/E ratio of 20.56 and a beta of 1.29.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $0.71 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. analysts anticipate that Robert Half International Inc. will post 2.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is 37.50%.

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A number of research analysts recently weighed in on RHI shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price target on shares of Robert Half International in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price target on the stock. in a research note on Wednesday, October 11th. Credit Suisse Group raised their price target on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $51.88.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. lifted its stake in Robert Half International by 405.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,600 shares in the last quarter. Seven Eight Capital LP raised its position in shares of Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,400 shares during the period. Commonwealth Bank of Australia raised its position in shares of Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after buying an additional 114 shares during the period. Bremer Trust National Association purchased a new stake in shares of Robert Half International during the 3rd quarter valued at approximately $205,000. Finally, Smithfield Trust Co. purchased a new stake in shares of Robert Half International during the 3rd quarter valued at approximately $206,000. 84.22% of the stock is currently 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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