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

StockNews.com cut shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a research note published on Tuesday.

Other analysts have also issued research 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. Robert W. Baird decreased their price objective on Robert Half from $84.00 to $79.00 and set an outperform rating for the company in a research note on Friday, April 26th. Finally, BMO Capital Markets cut their target price on Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $68.14.

Robert Half Stock Performance

Robert Half stock opened at $66.55 on Tuesday. The company has a market capitalization of $6.98 billion, a PE ratio of 19.93, a P/E/G ratio of 5.50 and a beta of 1.30. The company has a 50 day moving average price of $72.83 and a 200-day moving average price of $78.66. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, analysts forecast that Robert Half will post 2.92 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, May 23rd. Robert Half’s payout ratio is 63.47%.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RHI. Fidelis Capital Partners LLC purchased a new stake in shares of Robert Half during the 1st quarter worth about $26,000. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Robert Half in the fourth quarter valued at approximately $46,000. Larson Financial Group LLC purchased a new stake in shares of Robert Half during the third quarter worth $39,000. Finally, CoreFirst Bank & Trust raised its position in shares of Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after buying an additional 440 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other 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.