Robert Half (NYSE:RHI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Robert Half (NYSE:RHI - Free Report) from a buy rating to a hold rating in a report released on Friday.

A number of other research analysts have also recently commented on RHI. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Robert Half presently has a consensus rating of "Hold" and an average target price of $74.92.

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Robert Half Stock Up 3.4 %

NYSE:RHI traded up $1.81 on Friday, reaching $54.95. The company's stock had a trading volume of 1,398,032 shares, compared to its average volume of 1,352,648. Robert Half has a 12-month low of $51.55 and a 12-month high of $79.84. The stock has a 50 day moving average price of $61.08 and a 200 day moving average price of $66.70. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 22.52 and a beta of 1.22.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Equities research analysts expect that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio is presently 96.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new position in Robert Half in the fourth quarter valued at $26,000. Private Trust Co. NA raised its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after buying an additional 192 shares in the last quarter. Signaturefd LLC lifted its holdings in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after buying an additional 239 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new position in shares of Robert Half during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 92.41% 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 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.