Robert Half International Inc. (NYSE:RHI) CEO Paul F. Gentzkow Sells 50,000 Shares of Stock

Robert Half International Inc. (NYSE:RHIGet Rating) CEO Paul F. Gentzkow sold 50,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $92.87, for a total transaction of $4,643,500.00. Following the completion of the transaction, the chief executive officer now owns 275,751 shares of the company’s stock, valued at $25,608,995.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NYSE:RHI opened at $93.49 on Friday. The company has a fifty day moving average of $109.87 and a two-hundred day moving average of $112.59. The stock has a market capitalization of $10.33 billion, a PE ratio of 15.87, a P/E/G ratio of 1.54 and a beta of 1.45. Robert Half International Inc. has a fifty-two week low of $83.46 and a fifty-two week high of $125.77.

Robert Half International (NYSE:RHIGet Rating) last issued its earnings results on Tuesday, April 26th. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Robert Half International had a net margin of 9.54% and a return on equity of 48.53%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Equities research analysts predict that Robert Half International Inc. will post 6.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 25th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, May 24th. Robert Half International’s dividend payout ratio (DPR) is 29.20%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tributary Capital Management LLC raised its position in shares of Robert Half International by 4.2% in the fourth quarter. Tributary Capital Management LLC now owns 5,043 shares of the business services provider’s stock valued at $562,000 after buying an additional 201 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Robert Half International in the third quarter valued at about $1,513,000. Wellington Management Group LLP raised its position in shares of Robert Half International by 190.4% in the third quarter. Wellington Management Group LLP now owns 15,178 shares of the business services provider’s stock valued at $1,523,000 after buying an additional 9,952 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Robert Half International by 6.8% in the third quarter. Public Sector Pension Investment Board now owns 18,892 shares of the business services provider’s stock valued at $1,895,000 after purchasing an additional 1,210 shares during the period. Finally, Advisor Partners LLC grew its holdings in shares of Robert Half International by 3.0% in the fourth quarter. Advisor Partners LLC now owns 3,749 shares of the business services provider’s stock valued at $419,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 86.40% of the company’s stock.

Several research firms recently issued reports on RHI. CL King boosted their target price on shares of Robert Half International from $128.00 to $132.00 in a research note on Wednesday, April 27th. Zacks Investment Research cut shares of Robert Half International from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Wednesday, March 30th. StockNews.com cut shares of Robert Half International from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 6th. Truist Financial upped their price objective on shares of Robert Half International from $100.00 to $120.00 in a research report on Friday, January 28th. Finally, Bank of America upgraded shares of Robert Half International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $123.00 to $133.00 in a research report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $128.67.

About Robert Half International (Get Rating)

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 professionals and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking and cloud, systems integration and deployment, database design and administration, and security and business continuity.

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