Robert Half International (RHI) Shares Gap Down to $73.97
Robert Half International Inc. (NYSE:RHI) shares gapped down before the market opened on Thursday . The stock had previously closed at $72.61, but opened at $73.97. Robert Half International shares last traded at $75.35, with a volume of 61214 shares.
Several brokerages have recently commented on RHI. Robert W. Baird lifted their target price on Robert Half International from $68.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. Barclays lifted their target price on Robert Half International from $66.00 to $72.00 and gave the stock a “$68.51” rating in a research note on Wednesday, July 18th. Zacks Investment Research cut Robert Half International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 26th. BMO Capital Markets lifted their price target on Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a report on Wednesday, July 25th. Finally, SunTrust Banks reissued a “hold” rating and set a $76.00 price target on shares of Robert Half International in a report on Wednesday, July 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Robert Half International currently has an average rating of “Hold” and a consensus price target of $65.00.
The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 28.33 and a beta of 1.18.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $1.12 annualized dividend and a yield of 1.55%. Robert Half International’s payout ratio is currently 43.08%.
In related news, EVP Robert W. Glass sold 40,000 shares of Robert Half International stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the completion of the sale, the executive vice president now directly owns 271,364 shares of the company’s stock, valued at approximately $21,030,710. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in RHI. GAM Holding AG raised its holdings in Robert Half International by 3.0% in the 2nd quarter. GAM Holding AG now owns 23,705 shares of the business services provider’s stock valued at $1,543,000 after acquiring an additional 690 shares in the last quarter. Captrust Financial Advisors raised its holdings in Robert Half International by 3.4% in the 2nd quarter. Captrust Financial Advisors now owns 22,621 shares of the business services provider’s stock valued at $1,473,000 after acquiring an additional 737 shares in the last quarter. Raymond James & Associates raised its holdings in Robert Half International by 0.6% in the 2nd quarter. Raymond James & Associates now owns 144,372 shares of the business services provider’s stock valued at $9,399,000 after acquiring an additional 790 shares in the last quarter. HighVista Strategies LLC raised its holdings in Robert Half International by 13.6% in the 1st quarter. HighVista Strategies LLC now owns 6,700 shares of the business services provider’s stock valued at $388,000 after acquiring an additional 800 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Robert Half International by 1.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 57,874 shares of the business services provider’s stock valued at $3,768,000 after acquiring an additional 827 shares in the last quarter. 88.34% of the stock is owned by institutional investors and hedge funds.
About Robert Half International (NYSE:RHI)
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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