Robert Half International Inc. (NYSE:RHI) COO Sells $7,334,208.57 in Stock

Robert Half International Inc. (NYSE:RHI) COO Paul F. Gentzkow sold 130,247 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.31, for a total transaction of $7,334,208.57. Following the completion of the transaction, the chief operating officer now owns 499,733 shares of the company’s stock, valued at approximately $28,139,965.23. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Robert Half International Inc. (NYSE RHI) traded down $0.14 during mid-day trading on Thursday, reaching $55.98. 287,122 shares of the company’s stock were exchanged, compared to its average volume of 1,117,746. Robert Half International Inc. has a 1 year low of $42.92 and a 1 year high of $60.59. The company has a market capitalization of $7,020.00, a PE ratio of 24.05 and a beta of 1.27.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, February 23rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, February 22nd. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. Robert Half International’s payout ratio is 41.20%.

Several equities research analysts have recently weighed in on RHI shares. Zacks Investment Research lowered shares of Robert Half International from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Robert W. Baird raised their target price on shares of Robert Half International from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Nomura increased their price target on shares of Robert Half International from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Credit Suisse Group increased their price target on shares of Robert Half International from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Finally, BMO Capital Markets raised their target price on shares of Robert Half International from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Robert Half International has an average rating of “Hold” and a consensus price target of $57.22.

A number of hedge funds have recently bought and sold shares of RHI. Thrivent Financial For Lutherans raised its stake in 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 valued at $231,000 after purchasing an additional 110 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Robert Half International by 1.8% in the second quarter. Mutual of America Capital Management LLC now owns 15,646 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 277 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Robert Half International by 18.4% in the second quarter. Dimensional Fund Advisors LP now owns 759,712 shares of the business services provider’s stock valued at $36,413,000 after purchasing an additional 117,901 shares in the last quarter. QS Investors LLC raised its stake in Robert Half International by 4.8% in the second quarter. QS Investors LLC now owns 8,279 shares of the business services provider’s stock valued at $397,000 after purchasing an additional 376 shares in the last quarter. Finally, Employees Retirement System of Texas raised its stake in Robert Half International by 100.0% during the second quarter. Employees Retirement System of Texas now owns 18,000 shares of the business services provider’s stock worth $863,000 after acquiring an additional 9,000 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

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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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