Investors Sell Shares of Robert Half International Inc. (RHI) on Strength (RHI)
Traders sold shares of Robert Half International Inc. (NYSE:RHI) on strength during trading on Friday. $9.40 million flowed into the stock on the tick-up and $25.48 million flowed out of the stock on the tick-down, for a money net flow of $16.08 million out of the stock. Of all equities tracked, Robert Half International had the 0th highest net out-flow for the day. Robert Half International traded up $0.54 for the day and closed at $37.33
Several equities analysts have weighed in on RHI shares. Bank of America Corp. lowered Robert Half International from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Wednesday, July 13th. Credit Suisse Group AG restated a “hold” rating on shares of Robert Half International in a report on Monday, June 27th. Zacks Investment Research upgraded Robert Half International from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Friday, April 15th. Nomura increased their price target on Robert Half International from $55.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, May 24th. Finally, RBC Capital Markets set a $42.00 price target on Robert Half International and gave the stock a “buy” rating in a report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Robert Half International presently has a consensus rating of “Hold” and a consensus target price of $47.00.
The company has a market capitalization of $4.80 billion and a PE ratio of 13.37. The firm’s 50-day moving average price is $38.33 and its 200-day moving average price is $40.66.
Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by $0.02. During the same quarter in the previous year, the business earned $0.67 EPS. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. The company’s revenue was up 5.7% on a year-over-year basis. Analysts predict that Robert Half International Inc. will post $2.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.36%.
Several large investors recently added to or reduced their stakes in RHI. KBC Group NV raised its stake in Robert Half International by 22.8% in the fourth quarter. KBC Group NV now owns 136,589 shares of the company’s stock worth $6,439,000 after buying an additional 25,327 shares during the period. TrimTabs Asset Management LLC acquired a new position in shares of Robert Half International during the fourth quarter worth about $2,038,000. I.G. Investment Management LTD. increased its position in shares of Robert Half International by 0.8% in the fourth quarter. I.G. Investment Management LTD. now owns 109,689 shares of the company’s stock worth $5,171,000 after buying an additional 914 shares in the last quarter. Redwood Investments LLC increased its position in shares of Robert Half International by 25.9% in the fourth quarter. Redwood Investments LLC now owns 100,681 shares of the company’s stock worth $4,746,000 after buying an additional 20,704 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Robert Half International by 308.3% in the fourth quarter. Marshall Wace LLP now owns 431,414 shares of the company’s stock worth $20,337,000 after buying an additional 325,756 shares in the last quarter.
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.