Robert Half (NYSE:RHI) Shares Gap Down – Time to Sell?

Robert Half Inc. (NYSE:RHI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $76.10, but opened at $74.20. Robert Half shares last traded at $75.09, with a volume of 68,727 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RHI shares. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research report on Friday. BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.00.

Robert Half Stock Down 1.0 %

The company’s fifty day moving average is $71.62 and its two-hundred day moving average is $66.42. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 27.64 and a beta of 1.24.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. On average, equities research analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.81%. Robert Half’s dividend payout ratio is currently 77.37%.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mawer Investment Management Ltd. increased its stake in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. FORA Capital LLC acquired a new position in Robert Half in the 3rd quarter valued at about $1,792,000. Achmea Investment Management B.V. grew its stake in Robert Half by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock valued at $9,741,000 after buying an additional 12,772 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in Robert Half by 182.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock valued at $1,606,000 after buying an additional 16,212 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Robert Half by 136.3% in the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock valued at $5,656,000 after buying an additional 50,995 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

About Robert Half

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.