UBS Group began coverage on shares of Robert Half (NYSE:RHI – Free Report) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a sell rating and a $60.00 target price on the business services provider’s stock.
Several other analysts have also recently commented on the company. Credit Suisse Group decreased their target price on Robert Half from $63.00 to $57.00 in a report on Wednesday, July 26th. BMO Capital Markets decreased their target price on Robert Half from $84.00 to $76.00 in a report on Thursday, July 27th. William Blair restated a market perform rating on shares of Robert Half in a report on Wednesday, July 26th. Robert W. Baird cut their price target on Robert Half from $88.00 to $82.00 in a research note on Wednesday, July 26th. Finally, StockNews.com raised Robert Half from a hold rating to a buy rating in a research note on Sunday, October 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Robert Half currently has a consensus rating of Hold and a consensus target price of $68.63.
Robert Half Price Performance
Robert Half (NYSE:RHI – Get Free Report) last announced its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Robert Half had a return on equity of 29.60% and a net margin of 7.09%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. Research analysts expect that Robert Half will post 3.84 EPS for the current fiscal year.
Robert Half Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.57%. The ex-dividend date is Wednesday, November 22nd. Robert Half’s payout ratio is 43.54%.
Insider Buying and Selling at Robert Half
In other Robert Half news, EVP Robert W. Glass sold 14,751 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $75.15, for a total value of $1,108,537.65. Following the transaction, the executive vice president now owns 209,927 shares of the company’s stock, valued at $15,776,014.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company’s stock.
Hedge Funds Weigh In On Robert Half
Several hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC increased its holdings in shares of Robert Half by 32.1% in the first quarter. Private Advisor Group LLC now owns 4,727 shares of the business services provider’s stock worth $540,000 after acquiring an additional 1,150 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Robert Half by 4.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,650 shares of the business services provider’s stock worth $1,673,000 after acquiring an additional 676 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Robert Half by 28.5% in the first quarter. Vontobel Holding Ltd. now owns 3,619 shares of the business services provider’s stock worth $428,000 after acquiring an additional 802 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Robert Half by 11.8% in the first quarter. Blair William & Co. IL now owns 73,591 shares of the business services provider’s stock worth $8,403,000 after acquiring an additional 7,769 shares in the last quarter. Finally, Aviva PLC increased its holdings in shares of Robert Half by 55.4% in the first quarter. Aviva PLC now owns 92,865 shares of the business services provider’s stock worth $10,603,000 after acquiring an additional 33,095 shares in the last quarter. Institutional investors and hedge funds own 91.63% of the company’s stock.
About Robert Half
Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.
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