Robert W. Baird Lowers Robert Half (NYSE:RHI) Price Target to $79.00

Robert Half (NYSE:RHI) had its price target lowered by Robert W. Baird from $84.00 to $79.00 in a research report report published on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. Truist Financial upgraded Robert Half from a sell rating to a hold rating and set a $72.00 target price for the company in a report on Monday, April 22nd. BMO Capital Markets lowered their price objective on shares of Robert Half from $85.00 to $80.00 and set a market perform rating for the company in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $68.14.

Robert Half Stock Performance

Shares of RHI stock opened at $69.35 on Friday. The firm has a market cap of $7.29 billion, a P/E ratio of 20.76, a P/E/G ratio of 17.55 and a beta of 1.26. The firm’s 50 day moving average price is $76.99 and its 200-day moving average price is $79.39. Robert Half has a one year low of $64.65 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.08% and a net margin of 5.74%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. As a group, research analysts predict that Robert Half will post 3.35 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the transaction, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently bought and sold shares of RHI. Venturi Wealth Management LLC increased its holdings in shares of Robert Half by 55.0% in the 4th 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 during the last quarter. Larson Financial Group LLC purchased a new position in Robert Half in the third quarter valued at approximately $39,000. CoreFirst Bank & Trust raised its holdings in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after purchasing an additional 440 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $46,000. 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.