Robert Half International (NYSE:RHI) had its target price raised by Deutsche Bank from $58.00 to $65.00 in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has a buy rating on the business services provider’s stock.
A number of other brokerages also recently issued reports on RHI. Macquarie downgraded Robert Half International from a neutral rating to an underperform rating and lowered their price target for the company from $56.66 to $42.00 in a report on Tuesday, December 5th. ValuEngine downgraded Robert Half International from a buy rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research raised Robert Half International from a sell rating to a hold rating in a report on Thursday, October 26th. BMO Capital Markets upped their price target on Robert Half International from $49.00 to $53.00 and gave the company a market perform rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group upped their price target on Robert Half International from $40.00 to $41.00 and gave the company an underperform rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $53.70.
Robert Half International (NYSE RHI) opened at $55.54 on Thursday. The stock has a market capitalization of $7,070.00, a price-to-earnings ratio of 21.70 and a beta of 1.32. Robert Half International has a 1-year low of $42.92 and a 1-year high of $57.67.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, November 22nd. Robert Half International’s dividend payout ratio (DPR) is presently 37.50%.
In related news, insider Robert W. Glass sold 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the completion of the sale, the insider now owns 321,428 shares in the company, valued at $17,656,040.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. increased its position in 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 worth $100,000 after buying an additional 1,600 shares in the last quarter. Seven Eight Capital LP increased its position in 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 worth $117,000 after buying an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia increased its position in 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 worth $130,000 after buying an additional 114 shares in the last quarter. Bremer Trust National Association purchased a new stake in Robert Half International in the third quarter worth about $205,000. Finally, Smithfield Trust Co. purchased a new stake in Robert Half International in the third quarter worth about $206,000. Institutional investors and hedge funds own 85.12% of the company’s stock.
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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