Robert Half (NYSE:RHI) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Robert Half (NYSE:RHI) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts have also weighed in on RHI. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their target price on Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Robert Half presently has an average rating of “Reduce” and a consensus price target of $31.62.

Robert Half Stock Up 3.1%

RHI opened at $36.76 on Tuesday. Robert Half has a twelve month low of $21.83 and a twelve month high of $43.28. The company has a fifty day moving average of $30.25 and a 200-day moving average of $27.78. The stock has a market cap of $3.76 billion, a PE ratio of 28.27 and a beta of 0.82.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. Robert Half’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. Sell-side analysts anticipate that Robert Half will post 1.29 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s dividend payout ratio is 181.54%.

Institutional Trading of Robert Half

Several large investors have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC increased its holdings in Robert Half by 19.4% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after purchasing an additional 351 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Robert Half by 3.5% in the third quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 407 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Robert Half by 9.0% in the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 564 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Robert Half by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 56,746 shares of the business services provider’s stock valued at $1,541,000 after buying an additional 601 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after buying an additional 664 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.