Robert Half (NYSE:RHI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a research report released on Friday.

Several other research firms have also weighed in on RHI. 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. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Trading Down 1.2 %

Shares of RHI opened at $53.20 on Friday. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 21.80 and a beta of 1.22. Robert Half has a 12 month low of $51.55 and a 12 month high of $81.24. The firm has a fifty day simple moving average of $61.08 and a 200 day simple moving average of $66.63.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates 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 predict that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.44%. Robert Half’s dividend payout ratio is presently 96.72%.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently modified their holdings of RHI. FORA Capital LLC bought a new position in Robert Half in the 3rd quarter valued at about $1,792,000. Van ECK Associates Corp lifted its holdings in Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after purchasing an additional 16,668 shares during the last quarter. SG Americas Securities LLC boosted its stake in Robert Half by 347.9% in the 4th 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. Smartleaf Asset Management LLC boosted its stake in Robert Half by 48.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 258 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying 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.