Robert Half (NYSE:RHI) Given New $50.00 Price Target at Truist Financial

Robert Half (NYSE:RHI) had its target price increased by Truist Financial from $40.00 to $50.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other analysts have also recently issued reports about the stock. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. The Goldman Sachs Group lifted their price target on shares of Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, July 14th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Reduce” and an average price target of $32.88.

Robert Half Trading Down 0.9%

NYSE:RHI opened at $40.80 on Wednesday. The company has a market cap of $4.17 billion, a PE ratio of 31.38 and a beta of 0.82. The company has a 50 day simple moving average of $31.75 and a two-hundred day simple moving average of $28.28. Robert Half has a 12 month low of $21.83 and a 12 month high of $43.26.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.17 EPS. Research analysts forecast that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 5.8%. Robert Half’s payout ratio is currently 181.54%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half in the second quarter worth $34,000. Gilpin Wealth Management LLC bought a new position in Robert Half during the fourth quarter valued at $27,000. Larson Financial Group LLC lifted its position in Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the last quarter. Danske Bank A S purchased a new position in shares of Robert Half in the 3rd quarter worth $37,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after buying an additional 975 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.