Shares of Robert Half International (NYSE:RHI) hit a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $64.98 and last traded at $64.78, with a volume of 17164 shares traded. The stock had previously closed at $64.54.
Several brokerages have issued reports on RHI. Robert W. Baird raised their price objective on shares of Robert Half International from $67.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 25th. BMO Capital Markets raised their price objective on shares of Robert Half International from $59.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 25th. Zacks Investment Research raised shares of Robert Half International from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Thursday, April 26th. Barclays raised their price objective on shares of Robert Half International from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, SunTrust Banks reissued a “hold” rating and issued a $62.00 price objective on shares of Robert Half International in a research note on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Robert Half International presently has an average rating of “Hold” and a consensus target price of $59.55.
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The stock has a market capitalization of $7.95 billion, a P/E ratio of 24.93 and a beta of 1.20.
Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, April 24th. The business services provider reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.06. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. Robert Half International had a net margin of 5.73% and a return on equity of 30.88%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. analysts forecast that Robert Half International will post 3.37 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 24th. Robert Half International’s dividend payout ratio (DPR) is presently 43.08%.
Robert Half International declared that its Board of Directors has approved a share buyback program on Tuesday, February 13th that authorizes the company to buyback 10,000,000 outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.
In other news, insider Michael C. Buckley sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $57.84, for a total transaction of $578,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederick A. Richman sold 3,964 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $62.74, for a total transaction of $248,701.36. Following the transaction, the director now directly owns 40,352 shares in the company, valued at $2,531,684.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 323,964 shares of company stock worth $19,437,101. Corporate insiders own 3.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. HighVista Strategies LLC increased its holdings in Robert Half International by 13.6% during the first quarter. HighVista Strategies LLC now owns 6,700 shares of the business services provider’s stock valued at $388,000 after buying an additional 800 shares during the period. BancorpSouth Bank increased its holdings in Robert Half International by 10.1% during the first quarter. BancorpSouth Bank now owns 10,320 shares of the business services provider’s stock valued at $598,000 after buying an additional 950 shares during the period. Capital Fund Management S.A. increased its holdings in Robert Half International by 0.3% during the fourth quarter. Capital Fund Management S.A. now owns 345,296 shares of the business services provider’s stock valued at $19,178,000 after buying an additional 986 shares during the period. Amalgamated Bank increased its holdings in Robert Half International by 5.1% during the fourth quarter. Amalgamated Bank now owns 26,645 shares of the business services provider’s stock valued at $1,480,000 after buying an additional 1,297 shares during the period. Finally, Fort L.P. increased its holdings in Robert Half International by 15.7% during the fourth quarter. Fort L.P. now owns 9,572 shares of the business services provider’s stock valued at $532,000 after buying an additional 1,301 shares during the period. 87.99% of the stock is currently owned by institutional investors.
About Robert Half International
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.
