Nine rating agencies cover shares of Robert Half International Inc. (NYSE: RHI), and Bloomberg.com reports giving the stock a “Hold” rating. Six investing analysts recommend selling the stock, three recommend holding it, and one recommend buying it. The average price estimate for the next 12 months that has been set for the stock by brokerages that have recently updated their stock coverage is $78.75.
RHI is the subject of several research and analyst studies that have been prepared. Barclays lowered their price objective on shares of Robert Half International from $80.00 to $70.00. They gave the company an “equal weight” rating in a research report published on Monday, October 24. Robert W. Baird lowered their price objective on shares of Robert Half International from $95.00 to $88.00 in a report released on Friday, October 21. Robert Half International was added to the coverage universe of StockNews.com on October 12, 2013. They suggested that the organization make a “purchase” decision. Credit Suisse Group lowered their price objective on shares of Robert Half International from $68.00 to $63.00. It gave the company an “underperform” rating in a report released on Friday, October 21. Finally, in a research note published on Friday, October 21, JPMorgan Chase & Co. lowered their price objective for Robert Half International from $89 to $76 and downgraded the company’s shares from “overweight” to “neutral.”
NYSE: RHI began trading on Thursday at $77.14 a share. The stock has a market value of $8.37 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-to-growth ratio of 5.67, and a beta of 1.31. The one-year low for Robert Half International is $65.40, while the one-year high for the company is $125.77. The moving average for the company over the past fifty days is $77.02, and its moving average over the past 200 days is $80.04.
Robert Half International (NYSE: RHI) disclosed the results of its most recent quarterly financial report on Thursday, October 20. The firm reported earnings per share (EPS) of $1.53 for the quarter, which was $0.12 less than the consensus forecast of $1.65 from financial analysts. The net margin for Robert Half International was 9.31%, and the company’s return on equity was 46.83%. In comparison to the generally accepted forecast of $1.91 billion, the actual revenue that the corporation brought in for the quarter was $1.83 billion. During the previous year, the company had $1.53 per share earnings. In addition, the company’s revenue rose by 7.0% compared to the previous year. According to estimates provided by sell-side experts, Robert Half International will generate $6.01 per share earnings during the current fiscal year.
In addition, the company has announced the payment of a quarterly dividend, scheduled to take place on December 15. On November 25, dividends for $0.43 will be paid out to shareholders recorded as having ownership on that date. The date that shareholders will no longer receive a dividend is November 23. This translates into a dividend payment of $1.72 per year, giving the stock a yield of 2.23%. At the moment, Robert Half International has a payout ratio of 27.32%.
In other news, Executive Vice President Robert W. Glass sold 15,000 shares of Robert Half International stock on November 11. This comes after other recent events. At an average price of $80.84, the shares could fetch a total of $1,212,600.00 upon being sold. Because of this transaction, the executive vice president now has ownership of 232,349 shares of company stock, which have a combined value of about $18,783,093.16. This information about the sale was included in a document submitted to the Securities and Exchange Commission (SEC) and can be accessed here. Insiders own 2.80% of the total shares outstanding in the company.
Recent events have resulted in increased holdings of the company by institutional investors as well as hedge funds. The value of Clarius Group LLC’s investment in Robert Half International rose by 4.7% during the second quarter. Following the acquisition of 127 more shares during the preceding quarter, Clarius Group LLC now holds 2,844 shares of the company’s stock, with a market value of $213,000. During the third quarter, One Wealth Advisors LLC boosted the percentage of Robert Half International stock owned by 3.9%. One Wealth Advisors LLC is now the owner of 3,391 business services provider’s stock after purchasing an additional 128 shares during the most recent quarter. The stock is now worth $259,000. Oakworth Capital Inc. boosted its holdings in Robert Half International by 7.6% during the third quarter of this fiscal year. Following the acquisition of 141 more shares during the preceding quarter, Oakworth Capital Inc. now holds 2,008 shares of the business services provider’s stock, which has a value of $154,000. During the third quarter, Signaturefd LLC grew its holdings in Robert Half International by a percentage equal to 48.5%. After purchasing an additional 143 shares during the most recent quarter, Signaturefd LLC now holds 438 shares of the business services provider’s stock, which is $34,000.
Last but not least, Commonwealth Equity Services LLC added 2.1% to the stock it already held in Robert Half International during the third quarter. Following the acquisition of 149 more shares during the last quarter, Commonwealth Equity Services LLC now possesses 7,342 shares of the business services provider’s stock, which is $561,000. The company’s stock is owned by institutional investors and hedge funds to 90.96% of the total.