Royal Bank Of Canada reiterated their hold rating on shares of Robert Half International Inc. (NYSE:RHI) in a research note published on Friday morning.

A number of other research firms have also weighed in on RHI. BMO Capital Markets reissued a hold rating and issued a $45.00 target price on shares of Robert Half International in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Robert Half International from a sell rating to a hold rating in a research note on Tuesday, March 21st. Finally, ValuEngine lowered shares of Robert Half International from a buy rating to a hold rating in a research note on Thursday, June 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Robert Half International currently has an average rating of Hold and an average price target of $47.25.

Shares of Robert Half International (RHI) traded down 0.92% during midday trading on Friday, reaching $48.60. The company’s stock had a trading volume of 645,785 shares. The stock’s 50 day moving average price is $47.05 and its 200 day moving average price is $47.65. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 18.33 and a beta of 1.24. Robert Half International has a one year low of $34.42 and a one year high of $50.98.

Robert Half International (NYSE:RHI) last released its earnings results on Thursday, April 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.04. Robert Half International had a net margin of 6.47% and a return on equity of 31.26%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.64 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Analysts predict that Robert Half International will post $2.66 earnings per share for the current year.

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In related news, insider Robert W. Glass sold 22,237 shares of Robert Half International stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $47.35, for a total value of $1,052,921.95. Following the completion of the sale, the insider now owns 326,428 shares in the company, valued at approximately $15,456,365.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Robert Half International by 2,875.0% in the first quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock worth $486,431,000 after buying an additional 9,626,906 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Robert Half International by 524.0% in the first quarter. First Trust Advisors LP now owns 821,574 shares of the business services provider’s stock worth $40,117,000 after buying an additional 689,914 shares during the period. Boston Partners increased its stake in shares of Robert Half International by 11.1% in the first quarter. Boston Partners now owns 6,529,472 shares of the business services provider’s stock worth $318,834,000 after buying an additional 651,348 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Robert Half International by 1,888.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 523,985 shares of the business services provider’s stock worth $25,584,000 after buying an additional 497,636 shares during the period. Finally, Janus Capital Management LLC increased its stake in shares of Robert Half International by 2,277.0% in the first quarter. Janus Capital Management LLC now owns 465,054 shares of the business services provider’s stock worth $22,709,000 after buying an additional 445,489 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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