Robert Half (NYSE:RHI) Lifted to Hold at Truist Financial

Truist Financial upgraded shares of Robert Half (NYSE:RHI) from a sell rating to a hold rating in a research note published on Monday morning, Marketbeat.com reports. Truist Financial currently has $72.00 price objective on the business services provider’s stock.

Separately, BMO Capital Markets decreased their target price on Robert Half from $85.00 to $80.00 and set a market perform rating for the company in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $68.57.

Robert Half Price Performance

Shares of RHI opened at $71.50 on Monday. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39. The company has a 50 day simple moving average of $77.64 and a two-hundred day simple moving average of $79.55. The firm has a market cap of $7.52 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $1.37 earnings per share. Robert Half’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Robert Half will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were issued a $0.53 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, February 22nd. Robert Half’s payout ratio is presently 54.78%.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now directly owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. Boston Partners raised its holdings in Robert Half by 36.5% in the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after purchasing an additional 874,620 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Robert Half by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,634,682 shares of the business services provider’s stock worth $193,069,000 after acquiring an additional 57,130 shares during the last quarter. Fiduciary Management Inc. WI grew its stake in shares of Robert Half by 3.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after acquiring an additional 64,114 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Robert Half by 10.1% during the third quarter. Northern Trust Corp now owns 1,792,144 shares of the business services provider’s stock worth $131,328,000 after acquiring an additional 164,517 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.