StockNews.com cut shares of Robert Half (NYSE:RHI - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
RHI has been the topic of several other reports. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective 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. 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 report on Friday, December 13th. Finally, BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective on the stock in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.92.
Get Our Latest Stock Analysis on Robert Half
Robert Half Price Performance
NYSE:RHI traded up $1.10 on Wednesday, reaching $53.06. The stock had a trading volume of 1,407,406 shares, compared to its average volume of 1,331,302. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 21.75 and a beta of 1.22. The firm's fifty day moving average is $62.47 and its two-hundred day moving average is $67.00. Robert Half has a 12-month low of $51.55 and a 12-month high of $81.85.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. As a group, research analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. This is a positive change from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a yield of 4.45%. Robert Half's dividend payout ratio (DPR) is presently 96.72%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of RHI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Robert Half in the fourth quarter valued at approximately $26,000. Private Trust Co. NA grew its position 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 acquiring an additional 192 shares in the last quarter. Signaturefd LLC grew its position in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after acquiring an additional 239 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Robert Half in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
About Robert Half
(
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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.
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