Robert Half International Inc. (RHI) PT Raised to $49.00

Robert Half International Inc. (NYSE:RHI) had its target price increased by BMO Capital Markets from $45.00 to $49.00 in a research report report published on Friday, July 14th. The firm currently has a market perform rating on the business services provider’s stock.

Several other equities analysts have also commented on RHI. Zacks Investment Research upgraded shares of Robert Half International from a sell rating to a hold rating in a research note on Tuesday, March 21st. ValuEngine lowered shares of Robert Half International from a buy rating to a hold rating in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada restated a hold rating on shares of Robert Half International in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $47.25.

Robert Half International (RHI) opened at 43.41 on Friday. The stock has a 50 day moving average of $46.82 and a 200 day moving average of $47.18. The company has a market cap of $5.41 billion, a P/E ratio of 16.83 and a beta of 1.23. Robert Half International has a 52 week low of $34.42 and a 52 week high of $50.98.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by $0.02. Robert Half International had a return on equity of 29.97% and a net margin of 6.29%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect that Robert Half International will post $2.62 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, August 23rd. Robert Half International’s dividend payout ratio (DPR) is currently 37.21%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP boosted its position in shares of 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. Van ECK Associates Corp boosted its position in shares of Robert Half International by 6.4% in the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock worth $120,000 after buying an additional 148 shares in the last quarter. Commonwealth Bank of Australia boosted its position in shares of 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. TrimTabs Asset Management LLC boosted its position in shares of Robert Half International by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 2,819 shares of the business services provider’s stock worth $138,000 after buying an additional 1,328 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Robert Half International during the first quarter worth $148,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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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