Robert Half (NYSE:RHI) Upgraded at Truist Financial

Truist Financial upgraded shares of Robert Half (NYSE:RHI - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday, Marketbeat.com reports. They currently have $90.00 price target on the business services provider's stock, up from their prior price target of $62.00.

Separately, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $73.67.

Robert Half Stock Performance

Shares of NYSE RHI traded up $0.59 during trading hours on Friday, hitting $76.10. The company's stock had a trading volume of 1,003,077 shares, compared to its average volume of 1,351,168. Robert Half has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 27.56 and a beta of 1.24. The business has a 50-day simple moving average of $71.43 and a 200-day simple moving average of $66.34.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. Robert Half's quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, equities research analysts forecast that Robert Half will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half's payout ratio is 77.37%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company's stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Institutional Trading of Robert Half

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after purchasing an additional 179 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Robert Half by 79.7% during the 3rd 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 during the last quarter. M&T Bank Corp lifted its holdings in shares of Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock valued at $432,000 after buying an additional 227 shares during the period. Isthmus Partners LLC boosted its stake in shares of Robert Half by 3.3% in the second 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 during the last quarter. Finally, SYM FINANCIAL Corp grew its holdings in Robert Half by 7.5% during the third quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider's stock worth $232,000 after acquiring an additional 241 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

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.