Insider Selling: Robert Half International COO Sells 200,000 Shares of Stock (RHI)
Robert Half International (NYSE:RHI) COO Paul F. Gentzkow unloaded 200,000 shares of the stock on the open market in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $50.47, for a total transaction of $10,094,000.00. Following the completion of the sale, the chief operating officer now directly owns 757,574 shares of the company’s stock, valued at approximately $38,234,760. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Robert Half International (NYSE:RHI) traded down 0.67% during mid-day trading on Monday, hitting $50.24. 986,190 shares of the company’s stock traded hands. Robert Half International has a 52 week low of $35.14 and a 52 week high of $53.08. The stock has a 50-day moving average of $48.16 and a 200-day moving average of $43.86. The company has a market cap of $6.767 billion and a price-to-earnings ratio of 25.53.
Robert Half International (NYSE:RHI) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.46 earnings per share. Robert Half International’s revenue was up 9.5% compared to the same quarter last year. Analysts expect that Robert Half International will post $2.15 EPS for the current fiscal year.
RHI has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Robert Half International in a research note on Thursday. They now have a $54.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Robert Half International from $54.00 to $56.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Robert Half International from $52.00 to $58.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.50.
Robert Half International Inc provides specialized staffing and risk consulting services. The Company operates in three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.