Insider Selling: Robert Half International EVP Sells 4,028 Shares of Stock (RHI)
Robert Half International (NYSE:RHI) EVP Robert W. Glass unloaded 4,028 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $49.38, for a total transaction of $198,902.64. Following the transaction, the executive vice president now directly owns 377,912 shares of the company’s stock, valued at approximately $18,661,295. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Robert Half International (NYSE:RHI) traded up 0.24% on Thursday, hitting $49.74. The stock had a trading volume of 419,026 shares. Robert Half International has a 1-year low of $35.14 and a 1-year high of $53.08. The stock’s 50-day moving average is $48.77 and its 200-day moving average is $44.52. The company has a market cap of $6.700 billion and a P/E ratio of 25.02.
Robert Half International (NYSE:RHI) last released its earnings data on Tuesday, July 22nd. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Robert Half International will post $2.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, August 25th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of analysts have recently weighed in on RHI shares. Analysts at Barclays raised their price target on shares of Robert Half International from $48.00 to $54.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Robert Half International in a research note on Thursday, July 24th. They now have a $54.00 price target on the stock. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $53.10.
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.
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