Robert Half (NYSE:RHI) Price Target Lowered to $79.00 at Robert W. Baird

Robert Half (NYSE:RHI) had its price objective decreased by Robert W. Baird from $84.00 to $79.00 in a report issued on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

A number of other analysts have also recently commented on RHI. Truist Financial upgraded shares of Robert Half from a sell rating to a hold rating and set a $72.00 target price for the company in a research note on Monday, April 22nd. BMO Capital Markets lowered their target price on shares of Robert Half from $85.00 to $80.00 and set a market perform rating for the company in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $68.14.

Robert Half Stock Performance

NYSE:RHI opened at $69.35 on Friday. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39. The stock has a market capitalization of $7.29 billion, a P/E ratio of 20.76, a P/E/G ratio of 17.24 and a beta of 1.26. The company’s 50-day simple moving average is $76.99 and its 200-day simple moving average is $79.42.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $1.14 EPS. The company’s revenue was down 14.0% compared to the same quarter last year. On average, research analysts forecast that Robert Half will post 3.3 EPS for the current year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. This is a boost from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half’s payout ratio is presently 63.47%.

Insider Buying and Selling at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC increased its holdings in shares of Robert Half by 15.2% during the 3rd quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 774 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Robert Half by 6.1% during the 3rd quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 177 shares in the last quarter. Czech National Bank increased its holdings in shares of Robert Half by 46.7% during the 3rd quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock valued at $1,372,000 after purchasing an additional 5,960 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Robert Half by 54.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock valued at $1,561,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Grimes & Company Inc. increased its holdings in shares of Robert Half by 3.4% during the 3rd quarter. Grimes & Company Inc. now owns 211,289 shares of the business services provider’s stock valued at $15,483,000 after purchasing an additional 6,903 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. 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.