Robert Half (NYSE:RHI) Price Target Lowered to $32.00 at BMO Capital Markets

Robert Half (NYSE:RHI) had its price objective decreased by BMO Capital Markets from $35.00 to $32.00 in a research report released on Tuesday morning, Marketbeat Ratings reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

Several other research firms also recently weighed in on RHI. Barclays dropped their target price on shares of Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. UBS Group reduced their target price on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. The Goldman Sachs Group raised their target price on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $33.13.

Robert Half Stock Up 0.4%

Shares of Robert Half stock opened at $24.86 on Tuesday. Robert Half has a 12-month low of $24.35 and a 12-month high of $61.16. The firm has a market capitalization of $2.52 billion, a PE ratio of 18.69 and a beta of 0.88. The stock’s fifty day moving average is $28.23 and its 200-day moving average is $30.62.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.Robert Half’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. Analysts expect that Robert Half will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Wednesday, February 25th. Robert Half’s payout ratio is currently 177.44%.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Royal Bank of Canada increased its stake in shares of Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after purchasing an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC raised its holdings in Robert Half by 91.8% during the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in shares of Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after buying an additional 3,937 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

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.