Robert Half Inc. (NYSE:RHI – Get Free Report)’s share price was down 7.2% during mid-day trading on Tuesday . The company traded as low as $39.63 and last traded at $39.52. 623,169 shares were traded during mid-day trading, a decline of 77% from the average session volume of 2,728,661 shares. The stock had previously closed at $42.58.
Analyst Ratings Changes
RHI has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th. Robert W. Baird set a $47.00 target price on shares of Robert Half in a research report on Monday, July 27th. Weiss Ratings raised shares of Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Truist Financial boosted their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.75.
Get Our Latest Stock Analysis on RHI
Robert Half Trading Down 7.0%
Robert Half (NYSE:RHI – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Robert Half’s revenue was down 2.4% compared to the same quarter last year. Analysts predict that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.0%. Robert Half’s dividend payout ratio is 205.22%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Robert Half in the 2nd quarter valued at approximately $409,875,000. Pzena Investment Management LLC acquired a new stake in Robert Half during the 2nd quarter worth approximately $191,025,000. AQR Capital Management LLC lifted its stake in Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after buying an additional 4,066,328 shares in the last quarter. California State Teachers Retirement System lifted its stake in Robert Half by 2,882.8% in the second quarter. California State Teachers Retirement System now owns 3,574,769 shares of the business services provider’s stock valued at $116,442,000 after buying an additional 3,454,921 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Robert Half by 36.0% in the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.
About Robert Half
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.
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