Robert Half International Target of Unusually High Options Trading (RHI)

Robert Half International Inc. (NYSE:RHI) was the recipient of unusually large options trading activity on Monday. Investors acquired 1,752 put options on the company. This is an increase of 2,268% compared to the typical volume of 74 put options.

Robert Half International (NYSE:RHI) traded down $0.49 on Friday, reaching $55.54. 526,905 shares of the company’s stock traded hands, compared to its average volume of 863,765. Robert Half International has a 52-week low of $42.92 and a 52-week high of $57.67. The firm has a market cap of $7,023.35, a PE ratio of 21.78 and a beta of 1.32.

Robert Half International (NYSE:RHI) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the consensus estimate 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 business 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 firm earned $0.71 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. equities research analysts expect that Robert Half International will post 2.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Wednesday, November 22nd. Robert Half International’s dividend payout ratio is currently 37.65%.

Several research analysts have recently commented on RHI shares. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Credit Suisse Group raised their target price on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. SunTrust Banks lowered shares of Robert Half International from a “buy” rating to a “hold” rating and set a $52.00 target price on the stock. in a research note on Wednesday, October 11th. Nomura raised their price target on shares of Robert Half International from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird raised their price target on shares of Robert Half International from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.70.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Investment Counselors of Maryland LLC lifted its stake in Robert Half International by 0.5% in the second quarter. Investment Counselors of Maryland LLC now owns 4,715 shares of the business services provider’s stock valued at $226,000 after buying an additional 24 shares in the last quarter. Financial Counselors Inc. lifted its position in shares of Robert Half International by 0.4% in the second quarter. Financial Counselors Inc. now owns 8,449 shares of the business services provider’s stock worth $405,000 after purchasing an additional 35 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Robert Half International by 0.3% in the second quarter. Empirical Finance LLC now owns 22,115 shares of the business services provider’s stock worth $1,060,000 after purchasing an additional 73 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Robert Half International by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,820 shares of the business services provider’s stock worth $231,000 after purchasing an additional 110 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its position in shares of Robert Half International by 4.4% in the second quarter. Commonwealth Bank of Australia now owns 2,733 shares of the business services provider’s stock worth $130,000 after purchasing an additional 114 shares in the last quarter. 85.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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