Robert Half Inc. (NYSE:RHI – Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $33.64 and traded as high as $34.48. Robert Half shares last traded at $34.4050, with a volume of 1,473,253 shares trading hands.
Analyst Ratings Changes
Several brokerages recently commented on RHI. The Goldman Sachs Group raised their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Weiss Ratings downgraded shares of Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Truist Financial increased their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.75.
Get Our Latest Research Report on Robert Half
Robert Half Stock Up 0.4%
Robert Half (NYSE:RHI – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. Robert Half’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Robert Half Inc. will post 1.27 EPS for the current fiscal year.
Robert Half Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.7%. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.
Institutional Trading of Robert Half
Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Robert Half during the second quarter worth about $409,875,000. Pzena Investment Management LLC bought a new stake in shares of Robert Half during the 2nd quarter worth $191,025,000. Bank of America Corp DE acquired a new stake in shares of Robert Half during the second quarter worth $38,460,000. Hawk Ridge Capital Management LP boosted its position in shares of Robert Half by 134.2% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,785,400 shares of the business services provider’s stock valued at $45,349,000 after purchasing an additional 1,023,000 shares during the period. Finally, First Trust Advisors LP increased its stake in Robert Half by 281.2% in the 1st quarter. First Trust Advisors LP now owns 1,333,720 shares of the business services provider’s stock worth $33,876,000 after purchasing an additional 983,842 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.
About Robert Half
Robert Half Inc (NYSE: RHI) is a specialized staffing and professional services company that connects employers with skilled talent for temporary, contract-to-hire and permanent positions. Its staffing operations serve areas including accounting and finance, technology, legal, administrative and customer support, marketing, and creative services.
The company also provides consulting and project-based services through Protiviti, its global consulting subsidiary. Protiviti advises organizations on internal audit, risk and compliance, technology, cybersecurity, digital transformation, finance, and business performance.
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