Robert Half (NYSE:RHI) Sets New 12-Month Low - Here's What Happened

Robert Half Inc. (NYSE:RHI - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $44.31 and last traded at $45.14, with a volume of 2535595 shares. The stock had previously closed at $45.42.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RHI. Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a "buy" rating in a research report on Thursday. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research report on Monday, February 10th. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Barclays decreased their price objective on Robert Half from $80.00 to $50.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $58.07.

Robert Half Stock Down 3.5 %

The company has a fifty day moving average of $53.47 and a two-hundred day moving average of $64.21. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.37 and a beta of 1.13.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. During the same period in the previous year, the firm earned $0.61 EPS. Equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 5.27%. This is an increase from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's dividend payout ratio is 96.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC acquired a new stake in shares of Robert Half in the third quarter valued at about $225,000. Barclays PLC grew its holdings in shares of Robert Half by 131.6% in the 3rd quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock worth $23,205,000 after acquiring an additional 195,570 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of Robert Half by 56.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider's stock worth $591,000 after acquiring an additional 2,869 shares during the period. Tidal Investments LLC increased its stake in Robert Half by 6.1% in the 3rd quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider's stock valued at $940,000 after purchasing an additional 797 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Robert Half during the third quarter worth $1,461,000. Institutional investors and hedge funds 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.