Robert Half (NYSE:RHI) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a research report report published on Friday morning.

RHI has been the subject of a number of other research reports. Robert W. Baird reduced their price objective on Robert Half from $84.00 to $79.00 and set an outperform rating for the company in a research report on Friday, April 26th. Truist Financial raised Robert Half from a sell rating to a hold rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. Finally, BMO Capital Markets dropped their price objective on Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $68.14.

Robert Half Price Performance

NYSE RHI opened at $70.01 on Friday. The company has a 50 day simple moving average of $75.74 and a 200-day simple moving average of $79.16. Robert Half has a 52-week low of $64.65 and a 52-week high of $88.39. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue was down 14.0% compared to the same quarter last year. On average, analysts predict that Robert Half will post 2.98 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half’s payout ratio is 63.47%.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in Robert Half during the 1st quarter valued at approximately $26,000. Venturi Wealth Management LLC lifted its holdings in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after buying an additional 149 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Robert Half in the fourth quarter valued at approximately $46,000. Larson Financial Group LLC acquired a new stake in shares of Robert Half in the third quarter worth $39,000. Finally, CoreFirst Bank & Trust increased its position in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after acquiring an additional 440 shares during the period. 92.41% of the stock is 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.