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

StockNews.com downgraded shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Barclays lowered their price target on Robert Half from $80.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.92.

Robert Half Stock Down 3.2 %

Shares of Robert Half stock opened at $48.33 on Tuesday. Robert Half has a fifty-two week low of $44.97 and a fifty-two week high of $78.41. The business’s fifty day moving average is $55.00 and its two-hundred day moving average is $65.05. The firm has a market cap of $4.94 billion, a PE ratio of 19.81 and a beta of 1.13.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts anticipate that Robert Half will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Institutional Investors Weigh In On Robert Half

A number of large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after buying an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Robert Half by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 205 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock worth $152,000 after purchasing an additional 218 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Robert Half by 39.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.