Robert Half International Inc. (RHI) Upgraded to “Equal Weight” by Barclays PLC

Barclays PLC upgraded shares of Robert Half International Inc. (NYSE:RHI) from an underweight rating to an equal weight rating in a report published on Tuesday. Barclays PLC currently has $54.00 target price on the stock, up from their prior target price of $35.00.

RHI has been the topic of a number of other reports. RBC Capital Markets lowered Robert Half International from an outperform rating to a sector perform rating and boosted their target price for the stock from $41.00 to $46.00 in a research report on Monday, November 28th. They noted that the move was a valuation call. Deutsche Bank AG set a $44.00 target price on Robert Half International and gave the stock a buy rating in a research report on Tuesday, October 18th. Credit Suisse Group lowered Robert Half International from a neutral rating to an underperform rating and cut their target price for the stock from $37.00 to $33.00 in a research report on Monday, October 3rd. Zacks Investment Research raised Robert Half International from a sell rating to a hold rating and set a $55.00 target price on the stock in a research report on Tuesday, December 27th. Finally, William Blair lowered Robert Half International from an outperform rating to a market perform rating in a research report on Thursday, October 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $47.13.

Shares of Robert Half International (NYSE:RHI) traded up 0.43% during mid-day trading on Tuesday, reaching $49.23. The company’s stock had a trading volume of 1,266,425 shares. Robert Half International has a 52-week low of $34.34 and a 52-week high of $50.98. The company has a market capitalization of $6.28 billion, a PE ratio of 17.77 and a beta of 1.14. The firm’s 50 day moving average is $47.78 and its 200-day moving average is $40.71.

Robert Half International (NYSE:RHI) last announced its earnings results on Wednesday, October 26th. The company reported $0.71 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.71. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Robert Half International had a return on equity of 34.09% and a net margin of 6.79%. Robert Half International’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. Analysts forecast that Robert Half International will post $2.70 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, November 25th were issued a $0.22 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.88 annualized dividend and a yield of 1.79%. Robert Half International’s dividend payout ratio (DPR) is 31.77%.

A number of institutional investors have recently bought and sold shares of RHI. Creative Planning boosted its position in Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the company’s stock valued at $102,000 after buying an additional 33 shares during the period. Acadian Asset Management LLC boosted its position in Robert Half International by 495.9% in the second quarter. Acadian Asset Management LLC now owns 20,743 shares of the company’s stock valued at $793,000 after buying an additional 17,262 shares during the period. LS Investment Advisors LLC boosted its position in Robert Half International by 17.1% in the second quarter. LS Investment Advisors LLC now owns 9,520 shares of the company’s stock valued at $363,000 after buying an additional 1,389 shares during the period. JLB & Associates Inc. boosted its position in Robert Half International by 18.2% in the second quarter. JLB & Associates Inc. now owns 27,325 shares of the company’s stock valued at $1,042,000 after buying an additional 4,211 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its position in Robert Half International by 1.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,218,452 shares of the company’s stock valued at $46,496,000 after buying an additional 23,211 shares during the period. 84.38% of the stock is owned by hedge funds and other institutional investors.

About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.

5 Day Chart for NYSE:RHI

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