Robert Half International
One final stock with some notable insider buying is Robert Half International (RHI), which provides staffing and risk consulting services in North America, South America, Europe, Asia and Australia. Insiders are buying this stock into modest strength, since shares are up by around 9% over the last six months.
Robert Half International has a market cap of $5.5 billion and an enterprise value of $5.2 billion. This stock trades at a reasonable valuation, with a trailing price-to-earnings of 22.50 and a forward price-to-earnings of 17.41. Its estimated growth rate for this year is 13.1%, and for next year it's pegged at 14.5%. This is a cash-rich company, since the total cash position on its balance sheet is $279.75 million and its total debt is just $1.46 million. This stock currently sports a dividend yield of 1.8%.
A director just bought 19,768 shares, or about $793,000 worth of stock, at $40.12 per share. From a technical perspective, RHI is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock recently crossed back above its 50-day moving average of $40.85 a share. That move is starting to push shares of RHI within range of triggering a big breakout trade.If you're bullish on RHI, then look for long-biased trades as long as this stock is trending above some near-term support levels at $39.50 to $38.50 and then once it breaks out above some near-term overhead resistance levels at $42.32 a share to its 52-week high at $43.06 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 1.16 million shares. If that breakout triggers soon, then RHI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $55 a share. To see more stocks with notable insider buying, check out the Stocks With Big Insider Buying portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts