Stock Traders Buy High Volume of Robert Half International Put Options (NYSE:RHI)
Robert Half International Inc. (NYSE:RHI) saw some unusual options trading activity on Wednesday. Investors purchased 1,008 put options on the stock. This is an increase of approximately 1,176% compared to the average volume of 79 put options.
Shares of Robert Half International stock opened at $63.63 on Thursday. The firm has a market capitalization of $7.25 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 5.21 and a beta of 1.53. The company’s fifty day moving average price is $63.68 and its two-hundred day moving average price is $56.78. Robert Half International has a 52-week low of $32.38 and a 52-week high of $67.23.
Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Robert Half International had a net margin of 6.42% and a return on equity of 32.24%. The firm’s quarterly revenue was down 23.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, sell-side analysts forecast that Robert Half International will post 2.46 EPS for the current year.
Several equities analysts recently issued reports on RHI shares. Credit Suisse Group downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and set a $50.00 price objective on the stock. in a research note on Thursday, November 19th. Royal Bank of Canada increased their price objective on shares of Robert Half International from $54.00 to $58.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. They noted that the move was a valuation call. Cfra raised shares of Robert Half International from a “sell” rating to a “buy” rating in a research report on Friday, October 23rd. BidaskClub raised shares of Robert Half International from a “sell” rating to a “hold” rating in a report on Thursday, January 7th. Finally, BMO Capital Markets upgraded shares of Robert Half International from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $58.00 to $71.00 in a research note on Monday, November 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.11.
A number of hedge funds and other institutional investors have recently bought and sold shares of RHI. Private Advisor Group LLC acquired a new stake in shares of Robert Half International during the second quarter valued at about $28,000. Neo Ivy Capital Management bought a new stake in Robert Half International during the third quarter worth $46,000. FinTrust Capital Advisors LLC grew its holdings in Robert Half International by 112.2% during the second quarter. FinTrust Capital Advisors LLC now owns 919 shares of the business services provider’s stock worth $49,000 after buying an additional 486 shares in the last quarter. Cerebellum GP LLC bought a new stake in Robert Half International during the third quarter worth $63,000. Finally, Carroll Financial Associates Inc. boosted its position in Robert Half International by 60.8% in the fourth quarter. Carroll Financial Associates Inc. now owns 1,296 shares of the business services provider’s stock worth $80,000 after purchasing an additional 490 shares during the last quarter. 93.55% of the stock is owned by institutional investors and hedge funds.
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 services 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.
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