Robert Half International (NYSE:RHI) Rating Lowered to Hold at ValuEngine

Robert Half International (NYSE:RHI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, February 5th.

Other analysts have also issued research reports about the stock. Bank of America initiated coverage on shares of Robert Half International in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $74.00 price objective on the stock. Barclays lowered shares of Robert Half International from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $72.00 to $58.00 in a research note on Monday, November 19th. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Friday, January 18th. JPMorgan Chase & Co. cut their price objective on shares of Robert Half International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 24th. Finally, BMO Capital Markets increased their price target on shares of Robert Half International from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, October 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Robert Half International presently has a consensus rating of “Hold” and a consensus target price of $70.20.

Shares of NYSE RHI traded up $0.01 during trading hours on Tuesday, hitting $68.20. 1,086,303 shares of the stock were exchanged, compared to its average volume of 1,122,613. The firm has a market cap of $8.13 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.99 and a beta of 1.29. Robert Half International has a 12 month low of $52.79 and a 12 month high of $79.91.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 29th. The business services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.46 billion. Robert Half International had a net margin of 7.49% and a return on equity of 39.61%. Analysts anticipate that Robert Half International will post 4.08 EPS for the current year.

In other Robert Half International news, COO Paul F. Gentzkow sold 75,000 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $66.17, for a total transaction of $4,962,750.00. Following the transaction, the chief operating officer now directly owns 352,476 shares of the company’s stock, valued at $23,323,336.92. 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.

Hedge funds and other institutional investors have recently modified their holdings of the company. JLB & Associates Inc. increased its position in Robert Half International by 0.5% during the 4th quarter. JLB & Associates Inc. now owns 41,859 shares of the business services provider’s stock worth $2,394,000 after purchasing an additional 220 shares in the last quarter. Contravisory Investment Management Inc. grew its position in Robert Half International by 4.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 6,706 shares of the business services provider’s stock valued at $384,000 after acquiring an additional 273 shares in the last quarter. CSat Investment Advisory L.P. grew its position in Robert Half International by 91.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 617 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 294 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Robert Half International by 7.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,400 shares of the business services provider’s stock valued at $252,000 after buying an additional 300 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Robert Half International by 0.3% during the 4th quarter. Raymond James & Associates now owns 139,146 shares of the business services provider’s stock valued at $7,959,000 after buying an additional 366 shares during the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.

Robert Half International Company Profile

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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