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

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

RHI has been the topic of several other reports. Robert W. Baird lowered their price target on Robert Half from $84.00 to $79.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Truist Financial upgraded shares of Robert Half from a sell rating to a hold rating and set a $72.00 price target on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of Hold and a consensus price target of $68.14.

Robert Half Trading Up 0.8 %

RHI traded up $0.58 on Friday, reaching $70.16. The company had a trading volume of 806,134 shares, compared to its average volume of 1,352,646. The company has a market capitalization of $7.38 billion, a P/E ratio of 21.01, a PEG ratio of 3.27 and a beta of 1.30. The company has a fifty day moving average of $75.95 and a 200-day moving average of $79.15. Robert Half has a one year low of $64.65 and a one year high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue was down 14.0% on a year-over-year basis. Research analysts predict that Robert Half will post 2.98 EPS for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.02%. The ex-dividend date is Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Insider Activity

In related news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RHI. Empirical Asset Management LLC increased its stake in shares of Robert Half by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after acquiring an additional 134 shares during the last quarter. Wahed Invest LLC lifted its holdings in shares of Robert Half by 9.0% during the 3rd quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock valued at $120,000 after buying an additional 135 shares during the last quarter. Family Legacy Inc. grew its stake in shares of Robert Half by 2.0% in the 1st quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock valued at $569,000 after buying an additional 144 shares in the last quarter. Cypress Capital Group increased its holdings in Robert Half by 1.8% in the third quarter. Cypress Capital Group now owns 8,402 shares of the business services provider’s stock worth $616,000 after buying an additional 146 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds 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.