Traders Buy Robert Half International (RHI) on Weakness
Traders bought shares of Robert Half International Inc. (NYSE:RHI) on weakness during trading hours on Monday. $35.34 million flowed into the stock on the tick-up and $21.43 million flowed out of the stock on the tick-down, for a money net flow of $13.91 million into the stock. Of all equities tracked, Robert Half International had the 21st highest net in-flow for the day. Robert Half International traded down ($0.01) for the day and closed at $72.40
A number of research firms have recently weighed in on RHI. Robert W. Baird upped their price target on shares of 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 upped their price target on shares of 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 downgraded shares of Robert Half International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. BMO Capital Markets upped their price target on shares of Robert Half International from $68.00 to $75.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 25th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $76.00 price target on shares of Robert Half International in a research note on Wednesday, July 25th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $65.00.
The stock has a market capitalization of $8.87 billion, a P/E ratio of 27.60 and a beta of 1.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 24th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, August 23rd. Robert Half International’s payout ratio is 43.08%.
In other Robert Half International news, EVP Robert W. Glass sold 40,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $77.50, for a total transaction of $3,100,000.00. Following the transaction, the executive vice president now directly owns 271,364 shares of the company’s stock, valued at $21,030,710. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of RHI. Ostrum Asset Management bought a new stake in Robert Half International during the first quarter valued at about $113,000. Cleararc Capital Inc. bought a new stake in Robert Half International during the second quarter valued at about $205,000. TNB Financial bought a new stake in Robert Half International during the second quarter valued at about $209,000. Rampart Investment Management Company LLC boosted its holdings in Robert Half International by 112.7% during the first quarter. Rampart Investment Management Company LLC now owns 3,337 shares of the business services provider’s stock valued at $193,000 after acquiring an additional 1,768 shares during the period. Finally, YHB Investment Advisors Inc. bought a new stake in Robert Half International during the second quarter valued at about $225,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half International Company Profile (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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