Robert Half International Inc. (RHI) Price Target Raised to $49.00 at BMO Capital Markets

Robert Half International Inc. (NYSE:RHI) had its price target upped by BMO Capital Markets from $45.00 to $49.00 in a report issued on Friday. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

Several other research firms have also recently weighed in on RHI. Zacks Investment Research raised Robert Half International from a sell rating to a hold rating in a research note on Tuesday, March 21st. Royal Bank Of Canada reaffirmed a hold rating on shares of Robert Half International in a research note on Friday. Finally, ValuEngine cut Robert Half International from a buy rating to a hold rating in a research note on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $47.25.

Robert Half International (NYSE RHI) traded down 0.92% during midday trading on Friday, hitting $48.60. 645,785 shares of the company’s stock traded hands. Robert Half International has a 52 week low of $34.42 and a 52 week high of $50.98. The company has a market capitalization of $6.10 billion, a PE ratio of 18.33 and a beta of 1.24. The company has a 50 day moving average of $47.05 and a 200-day moving average of $47.65.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business posted $0.64 EPS. Robert Half International’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Robert Half International will post $2.66 earnings per share for the current year.

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In related news, insider Robert W. Glass sold 22,237 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total value of $1,052,921.95. Following the completion of the sale, the insider now owns 326,428 shares of the company’s stock, valued at approximately $15,456,365.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Camarda Financial Advisors LLC boosted its stake in shares of Robert Half International by 1.7% in the second quarter. Camarda Financial Advisors LLC now owns 33,968 shares of the business services provider’s stock valued at $1,628,000 after buying an additional 572 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Robert Half International by 520.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 20,672 shares of the business services provider’s stock valued at $991,000 after buying an additional 17,339 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of Robert Half International by 3,313.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 24,235 shares of the business services provider’s stock valued at $1,162,000 after buying an additional 23,525 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Robert Half International by 0.5% in the second quarter. Gateway Investment Advisers LLC now owns 8,352 shares of the business services provider’s stock valued at $400,000 after buying an additional 38 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Robert Half International by 33.8% in the second quarter. Bank of Montreal Can now owns 165,454 shares of the business services provider’s stock valued at $7,930,000 after buying an additional 41,782 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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