Robert Half International Inc. (NYSE:RHI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Shares of Robert Half have underperformed the industry on a year-to-date basis. The company’s revenues missed the Zacks Consensus Estimate in four out of the trailing five quarters. Its performance has been challenged with soft results from the Protiviti segment as well as weak domestic hiring activity in its Global Staffing Division. Despite a stronger job market, the hiring cycle remains long as employers take more time to make hiring decisions, which is negatively affecting the company’s profits. Shrinking margins at Protiviti owing to fewer high-margin clients, also poses as a hurdle. Nevertheless, Robert Half has been steadily investing in its technology to ensure future growth. It has also been trying to improve the performance of Protiviti through acquisitions and business agreements. The company also expects significant growth in the hiring activity for temporary and consulting professionals.”

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Robert Half International from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a research note on Friday, October 13th. SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective on the stock. in a research note on Wednesday, October 11th. Finally, BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and a consensus price target of $51.00.

Robert Half International (NYSE RHI) traded up 1.12% on Friday, reaching $51.49. 289,570 shares of the company’s stock traded hands. Robert Half International has a 52 week low of $34.42 and a 52 week high of $51.76. The stock has a 50-day moving average of $48.38 and a 200 day moving average of $46.87. The firm has a market capitalization of $6.42 billion, a P/E ratio of 19.96 and a beta of 1.27.

Robert Half International (NYSE:RHI) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities analysts expect that Robert Half International will post $2.62 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning increased its stake in shares of Robert Half International by 1.2% in the second quarter. Creative Planning now owns 2,686 shares of the business services provider’s stock worth $102,000 after buying an additional 33 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Robert Half International by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 2,308 shares of the business services provider’s stock worth $113,000 after buying an additional 93 shares during the last quarter. Seven Eight Capital LP increased its stake in shares of Robert Half International by 134.7% in the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock worth $117,000 after buying an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia increased its stake in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after buying an additional 114 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of Robert Half International in the second quarter worth $134,000. Institutional investors own 84.09% of the company’s stock.

Robert Half International Company Profile

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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Analyst Recommendations for Robert Half International (NYSE:RHI)

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