Robert Half (NYSE:RHI) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Robert Half (NYSE:RHI) from a buy rating to a hold rating in a report published on Tuesday.

A number of other research firms have also issued reports on RHI. Barclays lowered their price target on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.92.

Robert Half Trading Down 5.3 %

RHI stock opened at $45.40 on Tuesday. The company has a market capitalization of $4.63 billion, a P/E ratio of 18.61 and a beta of 1.13. The business has a 50 day simple moving average of $54.53 and a 200-day simple moving average of $64.81. Robert Half has a twelve month low of $44.97 and a twelve month high of $78.41.

Robert Half (NYSE:RHI) last issued 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%. Research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Hedge Funds Weigh In On Robert Half

Large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Robert Half in the fourth quarter valued at $26,000. Signaturefd LLC boosted its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after purchasing an additional 239 shares in the last quarter. CX Institutional acquired a new position in shares of Robert Half during the 1st quarter worth $33,000. Finally, Eastern Bank purchased a new position in shares of Robert Half in the 4th quarter valued at about $35,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.