Robert Half (NYSE:RHI) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Robert Half Inc. (NYSE:RHI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.78 and traded as high as $32.32. Robert Half shares last traded at $31.3670, with a volume of 1,660,320 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Barclays decreased their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $31.75.

Robert Half Trading Down 0.7%

The company has a market cap of $3.21 billion, a PE ratio of 24.13 and a beta of 0.84. The firm has a 50 day moving average of $26.74 and a two-hundred day moving average of $26.78.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. On average, research analysts forecast that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be paid a $0.59 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 7.5%. Robert Half’s dividend payout ratio is presently 181.54%.

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently made changes to their positions in the company. CoreFirst Bank & Trust increased its position in shares of Robert Half by 7.7% during the first quarter. CoreFirst Bank & Trust now owns 14,722 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 1,050 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in shares of Robert Half during the first quarter valued at approximately $259,000. Arete Wealth Advisors LLC bought a new stake in shares of Robert Half during the first quarter valued at approximately $382,000. Kentucky Retirement Systems bought a new stake in shares of Robert Half during the first quarter valued at approximately $291,000. Finally, Bull Harbor Capital LLC bought a new stake in shares of Robert Half during the first quarter valued at approximately $293,000. Institutional investors own 92.41% of the company’s stock.

About Robert Half

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.