Insider Selling: Robert Half International Inc. (RHI) Insider Sells 12,000 Shares of Stock

Robert Half International Inc. (NYSE:RHI) insider Robert W. Glass sold 12,000 shares of Robert Half International stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $56.21, for a total value of $674,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Robert Half International Inc. (RHI) opened at $56.20 on Monday. The stock has a market cap of $7,040.00, a P/E ratio of 21.62 and a beta of 1.27. Robert Half International Inc. has a 1 year low of $42.92 and a 1 year high of $60.59.

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

Robert Half International announced that its Board of Directors has initiated a stock buyback program 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. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This is an increase from Robert Half International’s previous quarterly dividend of $0.24. This represents a $1.12 annualized dividend and a yield of 1.99%. Robert Half International’s dividend payout ratio (DPR) is 36.92%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Assenagon Asset Management S.A. acquired a new stake in shares of Robert Half International in the third quarter valued at approximately $24,741,000. APG Asset Management N.V. raised its position in shares of Robert Half International by 31.3% in the third quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock valued at $98,395,000 after buying an additional 466,400 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Robert Half International by 7,491.5% in the fourth quarter. Glenmede Trust Co. NA now owns 450,554 shares of the business services provider’s stock valued at $25,022,000 after buying an additional 444,619 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Robert Half International in the third quarter valued at approximately $16,119,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Robert Half International in the fourth quarter valued at approximately $16,362,000. Institutional investors own 83.83% of the company’s stock.

A number of equities analysts recently commented on RHI shares. Royal Bank of Canada reiterated a “hold” rating and set a $57.00 price target on shares of Robert Half International in a report on Wednesday, December 27th. Credit Suisse Group lifted their price target on Robert Half International from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. Macquarie downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $56.66 to $42.00 in a research report on Tuesday, December 5th. SunTrust Banks raised their price objective on shares of Robert Half International to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, Deutsche Bank raised their price objective on shares of Robert Half International from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, December 28th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Robert Half International has an average rating of “Hold” and an average price target of $57.22.

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Robert Half International Company Profile

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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