Robert Half International (RHI) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Robert Half International (NYSE:RHI) from a buy rating to a hold rating in a research report report published on Friday.

A number of other research firms have also issued reports on RHI. 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 lifted their target price on Robert Half International from $49.00 to $53.00 and gave the stock a market perform rating in a report on Wednesday, October 25th. Credit Suisse Group lifted their target price on Robert Half International from $40.00 to $41.00 and gave the stock an underperform rating in a report on Wednesday, October 25th. SunTrust Banks lowered Robert Half International from a buy rating to a hold rating and set a $52.00 target price on the stock. in a report on Wednesday, October 11th. Finally, Nomura lifted their target price on Robert Half International from $53.00 to $60.00 and gave the stock a buy rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Robert Half International currently has an average rating of Hold and a consensus target price of $50.78.

Robert Half International (NYSE RHI) traded up $0.58 during trading hours on Friday, reaching $56.66. The company had a trading volume of 1,137,300 shares, compared to its average volume of 1,057,445. The firm has a market capitalization of $7,029.62, a price-to-earnings ratio of 21.99 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.

Robert Half International (NYSE:RHI) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. Robert Half International’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. research analysts anticipate that Robert Half International will post 2.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.24 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.69%. Robert Half International’s dividend payout ratio (DPR) is 37.65%.

In related news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert W. Glass sold 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the transaction, the insider now owns 321,428 shares of the company’s stock, valued at approximately $17,656,040.04. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. boosted its position in Robert Half International by 405.1% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,600 shares during the period. Seven Eight Capital LP boosted its position in Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after acquiring an additional 1,400 shares during the period. Commonwealth Bank of Australia boosted its position in Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after acquiring an additional 114 shares during the period. Bremer Trust National Association acquired a new stake in Robert Half International during the 3rd quarter worth about $205,000. Finally, Smithfield Trust Co. acquired a new stake in Robert Half International during the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 85.33% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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