Robert Half (NYSE:RHI) Shares Gap Down – Here’s Why

Shares of Robert Half Inc. (NYSE:RHI) gapped down prior to trading on Monday . The stock had previously closed at $41.80, but opened at $40.62. Robert Half shares last traded at $40.94, with a volume of 144,069 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. The Goldman Sachs Group boosted their price objective on Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $31.62.

Robert Half Price Performance

The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 31.59 and a beta of 0.82. The firm’s fifty day moving average is $31.43 and its two-hundred day moving average is $28.18.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. Robert Half’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were issued a $0.59 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 5.7%. Robert Half’s dividend payout ratio (DPR) is 181.54%.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Elevation Wealth Partners LLC lifted its position in Robert Half by 605.6% in the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after purchasing an additional 975 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Robert Half during the 2nd quarter valued at $7,727,000. GAMMA Investing LLC increased its position in shares of Robert Half by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,255 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 3,536 shares during the period. Versant Capital Management Inc increased its position in shares of Robert Half by 45.5% during the 2nd quarter. Versant Capital Management Inc now owns 14,816 shares of the business services provider’s stock valued at $455,000 after purchasing an additional 4,630 shares during the period. Finally, Basecamp Wealth Advisors LLC raised its stake in shares of Robert Half by 19.4% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after buying an additional 351 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.