Shares of Robert Half International Inc. (NYSE:RHI – Get Rating) gapped down before the market opened on Friday after Barclays lowered their price target on the stock from $105.00 to $80.00. The stock had previously closed at $82.70, but opened at $77.05. Barclays currently has an underweight rating on the stock. Robert Half International shares last traded at $78.81, with a volume of 4,282 shares changing hands.
Several other analysts have also issued reports on RHI. StockNews.com lowered shares of Robert Half International from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 28th. BMO Capital Markets lowered shares of Robert Half International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $125.00 to $80.00 in a report on Thursday, May 26th. CL King boosted their price objective on shares of Robert Half International from $128.00 to $132.00 in a report on Wednesday, April 27th. Truist Financial lowered shares of Robert Half International from a “hold” rating to a “sell” rating and set a $66.00 price objective on the stock. in a report on Friday, July 15th. Finally, Bank of America lowered shares of Robert Half International from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $133.00 to $67.00 in a report on Thursday, June 23rd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.00.
Insiders Place Their Bets
In other news, CEO Paul F. Gentzkow sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $92.87, for a total value of $4,643,500.00. Following the completion of the transaction, the chief executive officer now owns 275,751 shares in the company, valued at $25,608,995.37. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.80% of the stock is currently owned by company insiders.
Institutional Trading of Robert Half International
A number of hedge funds have recently added to or reduced their stakes in RHI. AE Wealth Management LLC boosted its stake in Robert Half International by 3.9% in the 4th quarter. AE Wealth Management LLC now owns 8,553 shares of the business services provider’s stock worth $954,000 after buying an additional 320 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Robert Half International in the 4th quarter valued at about $45,000. National Bank of Canada FI acquired a new position in shares of Robert Half International in the 4th quarter valued at about $415,000. New York State Teachers Retirement System lifted its stake in shares of Robert Half International by 5.5% in the 4th quarter. New York State Teachers Retirement System now owns 146,702 shares of the business services provider’s stock valued at $16,360,000 after purchasing an additional 7,713 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in shares of Robert Half International in the 4th quarter valued at about $158,000. 86.40% of the stock is owned by institutional investors and hedge funds.
Robert Half International Trading Down 5.3 %
The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.86 and a beta of 1.49. The firm has a 50 day moving average price of $82.86 and a two-hundred day moving average price of $102.26.
Robert Half International (NYSE:RHI – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The business services provider reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.01. Robert Half International had a return on equity of 48.53% and a net margin of 9.54%. During the same period last year, the company posted $1.33 EPS. As a group, research analysts forecast that Robert Half International Inc. will post 6.28 earnings per share for the current year.
Robert Half International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, May 25th were issued a dividend of $0.43 per share. The ex-dividend date was Tuesday, May 24th. This represents a $1.72 annualized dividend and a dividend yield of 2.20%. Robert Half International’s payout ratio is currently 29.20%.
About Robert Half International
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 services 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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.