Robert Half (NYSE:RHI) Upgraded at StockNews.com

StockNews.com upgraded shares of Robert Half (NYSE:RHI) from a hold rating to a buy rating in a report released on Thursday morning.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, BNP Paribas raised shares of 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.92.

Robert Half Stock Up 0.9 %

Shares of RHI stock opened at $58.99 on Thursday. The firm has a market cap of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. The company has a 50 day moving average of $65.72 and a 200-day moving average of $67.47. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, equities analysts expect that Robert Half will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.00%. Robert Half’s dividend payout ratio is currently 96.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 613.7% during 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 during the period. Headlands Technologies LLC purchased a new stake in shares of Robert Half in the 4th quarter valued at about $26,000. Private Trust Co. NA boosted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Robert Half by 121.3% during the fourth 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. Finally, Reston Wealth Management LLC bought a new position in shares of Robert Half in the third quarter worth approximately $34,000. 92.41% of the stock is currently owned by hedge funds and other 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.