Insider Selling: Robert Half International Inc. (RHI) COO Sells 205,000 Shares of Stock

Robert Half International Inc. (NYSE:RHI) COO Paul F. Gentzkow sold 205,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $56.31, for a total transaction of $11,543,550.00. Following the transaction, the chief operating officer now owns 499,733 shares in the company, valued at approximately $28,139,965.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Half International Inc. (NYSE RHI) opened at $56.22 on Thursday. The company has a market cap of $7,090.00, a PE ratio of 24.13 and a beta of 1.27. Robert Half International Inc. has a 1-year low of $42.92 and a 1-year high of $60.59.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. equities analysts forecast that Robert Half International Inc. will post 3.23 EPS for the current fiscal year.

A number of research analysts have weighed in on RHI shares. SunTrust Banks cut shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research report on Wednesday, October 11th. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a research report on Friday, October 13th. Royal Bank of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, October 13th. Zacks Investment Research cut shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Robert W. Baird boosted their price objective on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $57.22.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners grew its holdings in shares of Robert Half International by 0.5% in the third quarter. Boston Partners now owns 6,257,630 shares of the business services provider’s stock worth $315,009,000 after purchasing an additional 29,573 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of Robert Half International by 21.7% in the fourth quarter. APG Asset Management N.V. now owns 2,378,508 shares of the business services provider’s stock worth $110,012,000 after purchasing an additional 423,900 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Robert Half International by 42.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock worth $88,788,000 after purchasing an additional 548,507 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Robert Half International by 2.9% in the third quarter. Sterling Capital Management LLC now owns 1,497,933 shares of the business services provider’s stock worth $75,406,000 after purchasing an additional 42,554 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Robert Half International by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 993,577 shares of the business services provider’s stock worth $50,017,000 after purchasing an additional 233,865 shares during the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.

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About Robert Half International

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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