Robert Half (NYSE:RHI) Shares Gap Down – What’s Next?

Robert Half Inc. (NYSE:RHI) shares gapped down prior to trading on Thursday . The stock had previously closed at $47.97, but opened at $46.53. Robert Half shares last traded at $45.86, with a volume of 231,702 shares changing hands.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of recent analyst reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research report on Monday, February 10th. Truist Financial dropped their target price on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Barclays decreased their target price 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.92.

Robert Half Stock Down 5.3 %

The firm’s 50 day moving average is $54.25 and its two-hundred day moving average is $64.66. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.13.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. On average, analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.20%. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Hedge Funds Weigh In On Robert Half

Institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Robert Half during the fourth quarter worth approximately $26,000. Signaturefd LLC grew its holdings in Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares in the last quarter. CX Institutional acquired a new stake in Robert Half in the 1st quarter valued at approximately $33,000. Finally, Eastern Bank acquired a new stake in Robert Half in the 4th quarter valued at approximately $35,000. Institutional investors 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.