ValuEngine cut shares of Robert Half International Inc. (NYSE:RHI) from a buy rating to a hold rating in a research report released on Thursday morning.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Robert Half International from a sell rating to a strong sell rating in a research report on Friday, August 18th. BMO Capital Markets raised their price objective on shares of Robert Half International from $45.00 to $49.00 and gave the stock a market perform rating in a research report on Friday, July 14th. Royal Bank Of Canada reissued a hold rating on shares of Robert Half International in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of Robert Half International from a hold rating to a sell rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $49.40.

Robert Half International (RHI) opened at 51.14 on Thursday. Robert Half International has a 52-week low of $34.42 and a 52-week high of $51.76. The firm has a market capitalization of $6.37 billion, a P/E ratio of 19.82 and a beta of 1.27. The company’s 50-day moving average is $46.86 and its 200-day moving average is $46.76.

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

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, August 23rd. Robert Half International’s payout ratio is currently 37.21%.

Several large investors have recently modified their holdings of RHI. BlackRock Inc. boosted its holdings in shares of Robert Half International by 2,875.0% in the first quarter. BlackRock Inc. now owns 9,961,750 shares of the business services provider’s stock valued at $486,431,000 after acquiring an additional 9,626,906 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Robert Half International by 4,051.8% in the second quarter. Janus Henderson Group PLC now owns 921,072 shares of the business services provider’s stock valued at $44,147,000 after acquiring an additional 898,887 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Robert Half International by 5.9% in the second quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock valued at $653,391,000 after acquiring an additional 758,834 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Robert Half International by 42.1% in the second quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock valued at $88,788,000 after acquiring an additional 548,507 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Robert Half International by 153.8% in the second quarter. JPMorgan Chase & Co. now owns 888,822 shares of the business services provider’s stock valued at $42,601,000 after acquiring an additional 538,557 shares in the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

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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