Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $39.98 and last traded at $40.19, with a volume of 1965861 shares trading hands. The stock had previously closed at $41.34.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on RHI. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price target on Robert Half and gave the company a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of "Hold" and an average price target of $48.71.
Read Our Latest Stock Report on RHI
Robert Half Trading Down 3.0%
The company has a market capitalization of $4.09 billion, a PE ratio of 20.05 and a beta of 1.04. The company's 50 day moving average price is $45.35 and its 200-day moving average price is $56.74.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a net margin of 3.62% and a return on equity of 14.54%. Robert Half's revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. As a group, analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current year.
Robert Half Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were issued a $0.59 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.89%. Robert Half's payout ratio is 118.00%.
Institutional Investors Weigh In On Robert Half
Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC raised its holdings 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 valued at $31,000 after buying an additional 239 shares during the period. Quarry LP raised its holdings in shares of Robert Half by 540.8% during the 1st quarter. Quarry LP now owns 487 shares of the business services provider's stock valued at $27,000 after buying an additional 411 shares during the period. Finally, GeoWealth Management LLC purchased a new position in Robert Half in the 4th quarter worth approximately $35,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
About Robert Half
(
Get Free Report)
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.
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