Robert Half (NYSE:RHI) Lowered to Underperform Rating by BNP Paribas

BNP Paribas lowered shares of Robert Half (NYSE:RHI - Free Report) from an outperform rating to an underperform rating in a research report report published on Monday, Marketbeat.com reports. They currently have $64.00 target price on the business services provider's stock.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price target for the company from $62.00 to $90.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has an average rating of "Hold" and an average target price of $71.00.

Robert Half Stock Down 1.3 %

Shares of RHI stock traded down $1.02 during mid-day trading on Monday, hitting $75.08. 930,169 shares of the company's stock were exchanged, compared to its average volume of 1,349,429. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 27.64 and a beta of 1.24. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The stock has a 50-day simple moving average of $71.62 and a two-hundred day simple moving average of $66.42.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 earnings per share. As a group, analysts anticipate that Robert Half will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.82%. Robert Half's payout ratio is 77.37%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock valued at $46,000 after acquiring an additional 179 shares in the last quarter. Private Trust Co. NA increased its stake in Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the period. M&T Bank Corp increased its stake in Robert Half by 3.7% during the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock worth $432,000 after buying an additional 227 shares during the period. Isthmus Partners LLC lifted its holdings in Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider's stock worth $453,000 after buying an additional 229 shares in the last quarter. Finally, SYM FINANCIAL Corp boosted its position in Robert Half by 7.5% in the 3rd quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider's stock valued at $232,000 after buying an additional 241 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Company Profile

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.