Robert Half International Inc. (RHI) Shares Gap Up to $37.62
Robert Half International Inc. (NYSE:RHI) gapped up before the market opened on Thursday . The stock had previously closed at $37.55, but opened at $37.62. Robert Half International shares last traded at $38.22, with a volume of 686,372 shares.
A number of brokerages have recently issued reports on RHI. Nomura upped their price objective on Robert Half International from $55.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 24th. Credit Suisse Group AG reiterated a “hold” rating on shares of Robert Half International in a research note on Monday, June 27th. Royal Bank Of Canada dropped their price objective on Robert Half International from $48.00 to $42.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank AG began coverage on Robert Half International in a research note on Wednesday. They set a “buy” rating and a $44.00 price objective on the stock. Finally, RBC Capital Markets set a $42.00 price target on Robert Half International and gave the company a “buy” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.79.
The company has a market cap of $4.92 billion and a P/E ratio of 13.70. The stock has a 50 day moving average of $38.27 and a 200-day moving average of $40.31.
Robert Half International (NYSE:RHI) last announced its earnings results on Tuesday, July 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by $0.02. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. On average, equities research analysts anticipate that Robert Half International Inc. will post $2.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $0.88 annualized dividend and a dividend yield of 2.30%.
In related news, insider Robert W. Glass sold 30,061 shares of Robert Half International stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total transaction of $1,110,152.73. Following the transaction, the insider now owns 340,972 shares of the company’s stock, valued at $12,592,095.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several hedge funds and institutional investors recently made changes to their positions in RHI. Schwab Charles Investment Management Inc. boosted its position in shares of Robert Half International by 3.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 495,630 shares of the company’s stock valued at $23,364,000 after buying an additional 18,488 shares during the last quarter. KBC Group NV raised its stake in shares of 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. I.G. Investment Management LTD. raised its stake 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 during the period. Redwood Investments LLC raised its stake 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 during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Robert Half International during the fourth quarter worth approximately $2,219,000.
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.
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