Robert Half (NYSE:RHI) Hits New 12-Month Low - Should You Sell?

Robert Half Inc. (NYSE:RHI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $53.21 and last traded at $53.07, with a volume of 56695 shares. The stock had previously closed at $54.15.

Wall Street Analyst Weigh In

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

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Robert Half Trading Up 2.1 %

The firm's 50-day moving average is $62.47 and its 200 day moving average is $67.00. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 21.75 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 the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Analysts predict that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.45%. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Robert Half by 5.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider's stock worth $236,000 after purchasing an additional 183 shares during the period. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock worth $2,164,000 after purchasing an additional 205 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of Robert Half by 11.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after purchasing an additional 218 shares during the period. 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.