Robert Half International Inc. (NYSE:RHI)’s share price dropped 7% during trading on Thursday . The stock traded as low as $52.22 and last traded at $52.26. Approximately 1,778,686 shares traded hands during mid-day trading, an increase of 59% from the average daily volume of 1,118,674 shares. The stock had previously closed at $56.22.

RHI has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Robert Half International in a research report on Friday, October 13th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $57.00 price objective on shares of Robert Half International in a research report on Wednesday, December 27th. Credit Suisse Group increased their price objective on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, Macquarie lowered shares of Robert Half International from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $56.66 to $42.00 in a research report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Robert Half International currently has a consensus rating of “Hold” and an average price target of $57.22.

The stock has a market capitalization of $6,590.00, a PE ratio of 22.43 and a beta of 1.27.

Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Robert Half International had a net margin of 5.52% and a return on equity of 29.31%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.61 EPS. Robert Half International’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts forecast that Robert Half International Inc. will post 3.23 EPS for the current fiscal year.

In other Robert Half International news, COO Paul F. Gentzkow sold 205,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $56.31, for a total transaction of $11,543,550.00. Following the completion of the transaction, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Paul F. Gentzkow sold 130,247 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $56.31, for a total transaction of $7,334,208.57. Following the transaction, the chief operating officer now directly owns 499,733 shares of the company’s stock, valued at $28,139,965.23. The disclosure for this sale can be found here. Insiders have sold a total of 340,247 shares of company stock valued at $19,152,409 over the last three months. 3.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of RHI. Thrivent Financial For Lutherans grew its stake in shares of Robert Half International by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock worth $231,000 after purchasing an additional 110 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Robert Half International by 18.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 759,712 shares of the business services provider’s stock worth $36,413,000 after purchasing an additional 117,901 shares during the period. QS Investors LLC grew its stake in shares of Robert Half International by 4.8% during the 2nd quarter. QS Investors LLC now owns 8,279 shares of the business services provider’s stock worth $397,000 after purchasing an additional 376 shares during the period. Employees Retirement System of Texas grew its stake in shares of Robert Half International by 100.0% during the 2nd quarter. Employees Retirement System of Texas now owns 18,000 shares of the business services provider’s stock worth $863,000 after purchasing an additional 9,000 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of Robert Half International by 26.3% during the 2nd quarter. Royal Bank of Canada now owns 161,568 shares of the business services provider’s stock worth $7,744,000 after purchasing an additional 33,649 shares during the period. 85.05% of the stock is owned by institutional investors.

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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.

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