Robert Half (NYSE:RHI) PT Lowered to $79.00

Robert Half (NYSE:RHI) had its target price trimmed by Robert W. Baird from $84.00 to $79.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the stock. BMO Capital Markets cut their price objective on shares of Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a research report on Wednesday, January 31st. Truist Financial raised Robert Half from a sell rating to a hold rating and set a $72.00 price objective for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Robert Half currently has an average rating of Hold and an average price target of $68.14.

Robert Half Price Performance

Shares of Robert Half stock opened at $70.02 on Friday. The company has a market capitalization of $7.36 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 17.51 and a beta of 1.26. The business has a 50-day moving average of $76.78 and a two-hundred day moving average of $79.37. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. Robert Half’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. On average, equities analysts anticipate that Robert Half will post 3.3 EPS for the current fiscal year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were given a $0.53 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. This is an increase from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s payout ratio is currently 63.47%.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC bought a new position in shares of Robert Half during the 4th quarter worth approximately $46,000. Larson Financial Group LLC acquired a new position in shares of Robert Half during the 3rd quarter worth approximately $39,000. CoreFirst Bank & Trust raised its stake in Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in Robert Half during the 3rd quarter valued at $43,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.