Shares of Robert Half International Inc. (NYSE:RHI) were down 5.1% during trading on Wednesday . The stock traded as low as $48.52 and last traded at $48.74. Approximately 1,557,734 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 910,017 shares. The stock had previously closed at $51.37.

Several analysts have recently commented on RHI shares. BidaskClub lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reiterated a “hold” rating on shares of Robert Half International in a research report on Friday, July 14th. BMO Capital Markets increased their price target on shares of Robert Half International from $45.00 to $49.00 and gave the company a “market perform” rating in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $49.40.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). Robert Half International had a net margin of 6.29% and a return on equity of 29.97%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.96%. Robert Half International’s dividend payout ratio is currently 37.21%.

Several hedge funds have recently added to or reduced their stakes in RHI. Seven Eight Capital LP raised its holdings in shares of Robert Half International by 134.7% during the second quarter. Seven Eight Capital LP now owns 2,439 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,400 shares during the period. Van ECK Associates Corp raised its holdings in shares of Robert Half International by 6.4% during the first quarter. Van ECK Associates Corp now owns 2,456 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 148 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Robert Half International by 4.4% during the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 114 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Robert Half International during the first quarter valued at approximately $148,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Robert Half International during the first quarter valued at approximately $152,000. Institutional investors and hedge funds own 84.10% of the company’s stock.

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About Robert Half International

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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