Robert Half (NYSE:RHI) Sets New 1-Year Low – Should You Sell?

Shares of Robert Half Inc. (NYSE:RHI) reached a new 52-week low during trading on Monday . The stock traded as low as $56.44 and last traded at $56.30, with a volume of 698452 shares. The stock had previously closed at $59.09.

Analyst Ratings Changes

A number of research firms have recently weighed in on RHI. JPMorgan Chase & Co. cut 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. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Finally, StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.92.

Robert Half Trading Down 4.9 %

The firm has a 50-day moving average of $65.72 and a two-hundred day moving average of $67.57. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 23.04 and a beta of 1.23.

Robert Half (NYSE:RHI) last issued its quarterly 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%. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.20%. Robert Half’s dividend payout ratio is 96.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mawer Investment Management Ltd. grew its position in Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $1,792,000. Van ECK Associates Corp increased its position in shares of Robert Half by 24.1% during the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after purchasing an additional 16,668 shares during the period. SG Americas Securities LLC increased its position in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares in the last quarter. 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.