BMO Capital Markets restated their hold rating on shares of Robert Half International (NYSE:RHI) in a research report sent to investors on Thursday. BMO Capital Markets currently has a $59.00 target price on the business services provider’s stock.

Other research analysts have also recently issued reports about the company. Barclays raised their target price on Robert Half International from $60.00 to $62.00 and gave the stock an equal weight rating in a research report on Wednesday, January 31st. Robert W. Baird reaffirmed a buy rating and issued a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st. ValuEngine raised Robert Half International from a hold rating to a buy rating in a research report on Thursday, March 1st. Royal Bank of Canada raised their target price on Robert Half International to $62.00 and gave the stock a positive rating in a research report on Wednesday, January 31st. Finally, Goldman Sachs initiated coverage on Robert Half International in a research report on Tuesday, March 27th. They issued a neutral rating and a $63.00 target price for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $58.30.

Shares of RHI stock opened at $58.56 on Thursday. The firm has a market capitalization of $7,239.89, a P/E ratio of 22.61 and a beta of 1.18. Robert Half International has a one year low of $42.92 and a one year high of $60.83.

Robert Half International (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half International had a return on equity of 29.31% and a net margin of 5.52%. Robert Half International’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. analysts predict that Robert Half International will post 3.23 EPS for the current year.

Robert Half International declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 13th that authorizes the company to buyback 10,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In other news, CEO Harold M. Messmer, Jr. sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $58.06, for a total value of $5,806,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert W. Glass sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $56.21, for a total value of $674,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 457,247 shares of company stock valued at $25,936,679. Company insiders own 3.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. APG Asset Management N.V. increased its stake in shares of Robert Half International by 21.7% in the fourth quarter. APG Asset Management N.V. now owns 2,378,508 shares of the business services provider’s stock valued at $110,012,000 after buying an additional 423,900 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Robert Half International by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,934,185 shares of the business services provider’s stock valued at $107,277,000 after buying an additional 42,558 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Robert Half International by 8.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,651,938 shares of the business services provider’s stock valued at $91,749,000 after buying an additional 121,785 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Robert Half International by 30.8% in the third quarter. Dimensional Fund Advisors LP now owns 993,577 shares of the business services provider’s stock valued at $50,017,000 after buying an additional 233,865 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Robert Half International by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 861,297 shares of the business services provider’s stock valued at $47,837,000 after buying an additional 28,656 shares in the last quarter. Institutional investors own 85.55% of the company’s stock.

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About Robert Half International

Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.

Analyst Recommendations for Robert Half International (NYSE:RHI)

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