Robert Half International Inc. (NYSE:RHI) Director Marc Morial sold 3,575 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $55.93, for a total transaction of $199,949.75.
RHI stock traded up $0.24 during trading on Friday, hitting $56.63. The company had a trading volume of 565,347 shares, compared to its average volume of 1,334,282. The firm has a 50-day moving average price of $52.31 and a 200-day moving average price of $49.89. Robert Half International Inc. has a 12 month low of $32.38 and a 12 month high of $63.84. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 5.04 and a beta of 1.55.
Robert Half International (NYSE:RHI) last released its earnings results on Thursday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. Robert Half International had a return on equity of 32.24% and a net margin of 6.42%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts expect that Robert Half International Inc. will post 2.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.34 per share. The ex-dividend date is Monday, August 24th. This represents a $1.36 annualized dividend and a yield of 2.40%. Robert Half International’s dividend payout ratio is currently 34.87%.
A number of institutional investors have recently added to or reduced their stakes in RHI. APG Asset Management N.V. grew its position in shares of Robert Half International by 230.2% during the 1st quarter. APG Asset Management N.V. now owns 2,619,819 shares of the business services provider’s stock worth $152,030,000 after buying an additional 1,826,365 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in Robert Half International by 7,164.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,506,691 shares of the business services provider’s stock valued at $79,598,000 after buying an additional 1,485,950 shares during the period. BlackRock Inc. boosted its stake in Robert Half International by 11.9% in the first quarter. BlackRock Inc. now owns 11,749,326 shares of the business services provider’s stock valued at $443,536,000 after acquiring an additional 1,247,679 shares during the last quarter. Maj Invest Holding A S acquired a new stake in Robert Half International during the 1st quarter worth $39,163,000. Finally, Capital Research Global Investors bought a new stake in shares of Robert Half International during the 1st quarter valued at $36,108,000. Institutional investors own 90.98% of the company’s stock.
Several research firms have recently weighed in on RHI. SunTrust Banks upped their price objective on Robert Half International from $40.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, July 27th. Bank of America boosted their price target on Robert Half International from $41.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. TheStreet upgraded Robert Half International from a “c+” rating to a “b-” rating in a research note on Tuesday, June 16th. Credit Suisse Group cut their price objective on Robert Half International from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, BMO Capital Markets upped their target price on shares of Robert Half International from $53.00 to $56.00 and gave the stock a “market perform” rating in a report on Friday, July 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Robert Half International has an average rating of “Hold” and an average target price of $54.44.
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.
Further Reading: Ex-Dividend
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