Robert Half International (NYSE:RHI) was downgraded by Macquarie from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, The Fly reports.

Several other brokerages have also recently weighed in on RHI. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. BMO Capital Markets lifted their price objective on shares of Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Credit Suisse Group lifted their price objective on shares of Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks cut shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.88.

Shares of Robert Half International (RHI) opened at $56.66 on Tuesday. The stock has a market cap of $7,029.62, a PE ratio of 21.99 and a beta of 1.32. Robert Half International has a 12 month low of $42.92 and a 12 month high of $57.67.

Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, October 24th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.02). Robert Half International had a return on equity of 29.13% and a net margin of 6.20%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $0.71 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. equities research analysts forecast that Robert Half International will post 2.58 earnings per share for the current year.

In other news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $54.93, for a total value of $274,650.00. Following the completion of the transaction, the insider now directly owns 321,428 shares in the company, valued at approximately $17,656,040.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $52.31, for a total transaction of $5,231,000.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of RHI. Fuller & Thaler Asset Management Inc. raised its position in shares of Robert Half International by 405.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,995 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,600 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of Robert Half International by 134.7% during the 2nd quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,400 shares during the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Robert Half International by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 114 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Robert Half International during the 2nd quarter valued at approximately $197,000. Finally, Hikari Power Ltd bought a new stake in shares of Robert Half International during the 2nd quarter valued at approximately $204,000. Institutional investors own 85.33% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Robert Half International (NYSE:RHI)

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