Robert Half (NYSE:RHI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other equities analysts have also weighed in on the company. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Performance

RHI opened at $53.20 on Friday. The stock’s fifty day moving average is $61.08 and its 200-day moving average is $66.70. Robert Half has a one year low of $51.55 and a one year high of $79.84. The company has a market capitalization of $5.44 billion, a PE ratio of 21.80 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, equities research analysts forecast that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.44%. Robert Half’s dividend payout ratio (DPR) is presently 96.72%.

Institutional Investors Weigh In On Robert Half

A number of large investors have recently bought and sold shares of the business. Boston Partners raised its position in Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. increased its stake in shares of Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after buying an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after buying an additional 148,577 shares during the last quarter. Alliancebernstein L.P. lifted its position in Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock worth $226,740,000 after buying an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in Robert Half by 15.4% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock worth $158,644,000 after acquiring an additional 300,524 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.