Macquarie cut shares of Robert Half International (NYSE:RHI) from a neutral rating to an underperform rating in a report released on Tuesday. The firm currently has $42.00 price objective on the business services provider’s stock, down from their prior price objective of $56.66.

Other analysts have also recently issued research reports about the stock. ValuEngine raised shares of Robert Half International from a hold rating to a buy rating in a research report on Friday, September 22nd. Nomura upped their price target on shares of Robert Half International from $53.00 to $60.00 and gave the company a buy rating in a research report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a hold rating on shares of Robert Half International in a research report on Friday, October 13th. BMO Capital Markets reaffirmed a hold rating and set a $49.00 price target on shares of Robert Half International in a research report on Friday, October 13th. Finally, SunTrust Banks cut shares of Robert Half International from a buy rating to a hold rating and set a $52.00 price target on the stock. in a research report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $50.78.

Robert Half International (RHI) traded down $3.37 during midday trading on Tuesday, reaching $53.29. The company had a trading volume of 2,230,500 shares, compared to its average volume of 1,062,458. The firm has a market capitalization of $7,102.32, a P/E ratio of 22.22 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 issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.02). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. research analysts forecast that Robert Half International will post 2.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.80%. Robert Half International’s dividend payout ratio (DPR) is presently 37.65%.

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

Several hedge funds have recently added to or reduced their stakes in RHI. Great West Life Assurance Co. Can boosted its position in shares of Robert Half International by 104.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 263,866 shares of the business services provider’s stock worth $12,621,000 after purchasing an additional 134,618 shares in the last quarter. Korea Investment CORP boosted its position in shares of Robert Half International by 13.0% during the 2nd quarter. Korea Investment CORP now owns 98,800 shares of the business services provider’s stock worth $4,735,000 after purchasing an additional 11,400 shares in the last quarter. ARP Americas LLC bought a new position in shares of Robert Half International during the 2nd quarter worth about $273,000. Canada Pension Plan Investment Board boosted its position in shares of Robert Half International by 19.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 350,058 shares of the business services provider’s stock worth $16,778,000 after purchasing an additional 57,401 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Robert Half International by 3.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 604,518 shares of the business services provider’s stock worth $28,975,000 after purchasing an additional 20,533 shares in the last quarter. 85.33% of the stock is currently owned by institutional investors.

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About Robert Half International

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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