Robert Half International (RHI) Rating Lowered to Hold at Zacks Investment Research

Robert Half International (NYSE:RHI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Robert Half continues to benefit from the U.S. staffing industry which stands to gain from the promising developments in the broader economy. Robust performance of the company's subsidiary, Protiviti is another major positive. The company has been utilizing a major share of its capital expenditures on investments in software initiatives and technology infrastructure, both of which are important to the company’s future growth opportunities. The company is also consistent in rewarding its shareholders. Despite such positives, Robert Half continues to witness escalation in costs due to huge investments in software and technology. It also remains embroiled in a number of legal matters and proceedings.”

Several other research analysts have also recently issued reports on RHI. ValuEngine cut Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Bank of America cut Robert Half International from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. SunTrust Banks lifted their target price on Robert Half International to $70.00 and gave the company a “hold” rating in a research report on Wednesday, January 30th. Finally, Nomura cut their target price on Robert Half International to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.20.

Shares of NYSE:RHI traded down $0.44 during mid-day trading on Tuesday, hitting $66.13. 13,148 shares of the company traded hands, compared to its average volume of 1,124,021. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.90 and a beta of 1.33. Robert Half International has a 12-month low of $52.79 and a 12-month high of $79.91.

Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, January 29th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Robert Half International had a return on equity of 39.61% and a net margin of 7.49%. As a group, analysts anticipate that Robert Half International will post 4.08 earnings per share for the current year.

In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $66.17, for a total value of $4,962,750.00. Following the transaction, the chief operating officer now owns 352,476 shares of the company’s stock, valued at $23,323,336.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Robert Half International during the 4th quarter valued at $30,000. Oregon Public Employees Retirement Fund lifted its position in shares of Robert Half International by 5,320.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,711,538 shares of the business services provider’s stock valued at $30,000 after buying an additional 1,679,961 shares during the last quarter. CSat Investment Advisory L.P. lifted its position in shares of Robert Half International by 91.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 617 shares of the business services provider’s stock valued at $35,000 after buying an additional 294 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Robert Half International during the 4th quarter valued at $47,000. Finally, Doyle Wealth Management purchased a new position in shares of Robert Half International during the 4th quarter valued at $89,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Robert Half International Company Profile

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

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