Robert Half (NYSE:RHI) Shares Gap Down – Time to Sell?

Robert Half Inc. (NYSE:RHI) shares gapped down prior to trading on Monday . The stock had previously closed at $41.80, but opened at $40.62. Robert Half shares last traded at $40.94, with a volume of 144,069 shares changing hands.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of research analyst reports. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group raised their target price on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research report on Tuesday, July 14th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Two 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. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Reduce” and a consensus price target of $31.62.

Robert Half Stock Down 0.8%

The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 31.99 and a beta of 0.82. The stock has a 50 day moving average price of $30.83 and a 200 day moving average price of $27.98.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion during 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 revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Sell-side analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.7%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio is 181.54%.

Hedge Funds Weigh In On Robert Half

Several large investors have recently modified their holdings of RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half during the second quarter worth $34,000. Gilpin Wealth Management LLC acquired a new stake in Robert Half in the fourth quarter valued at $27,000. Larson Financial Group LLC raised its position in Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the last quarter. Danske Bank A S bought a new position in Robert Half during the 3rd quarter worth $37,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after buying an additional 975 shares during the period. Institutional investors own 92.41% of the company’s stock.

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.