Truist Financial Upgrades Robert Half (NYSE:RHI) to "Hold"

Truist Financial upgraded shares of Robert Half (NYSE:RHI - Free Report) from a sell rating to a hold rating in a research note published on Monday morning, Marketbeat reports. Truist Financial currently has $72.00 target price on the business services provider's stock.

Separately, BMO Capital Markets dropped their price objective on Robert Half from $85.00 to $80.00 and set a market perform rating for the company in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average target price of $68.57.

Robert Half Stock Up 1.8 %

Shares of Robert Half stock traded up $1.27 on Monday, hitting $71.50. The stock had a trading volume of 1,354,188 shares, compared to its average volume of 1,035,630. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 17.51 and a beta of 1.26. Robert Half has a twelve month low of $64.65 and a twelve month high of $88.39. The business's 50 day moving average is $78.01 and its two-hundred day moving average is $79.59.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business's revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities analysts predict that Robert Half will post 3.34 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, February 22nd. This is a boost from Robert Half's previous quarterly dividend of $0.48. Robert Half's dividend payout ratio is presently 54.78%.

Insider Buying and Selling

In other news, EVP Robert W. Glass sold 7,500 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the transaction, the executive vice president now owns 186,062 shares of the company's stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

Institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock worth $37,000 after buying an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Robert Half during the third quarter worth approximately $39,000. CoreFirst Bank & Trust grew its position in Robert Half by 440.0% in the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock valued at $40,000 after purchasing an additional 440 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Robert Half in the 3rd quarter worth about $43,000. Finally, GAMMA Investing LLC acquired a new position in Robert Half during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 92.41% of the company's stock.

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.