Robert Half (NYSE:RHI) Hits New 1-Year Low - Here's Why

Robert Half Inc. (NYSE:RHI - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $44.31 and last traded at $45.14, with a volume of 2535595 shares trading hands. The stock had previously closed at $45.42.

Wall Street Analyst Weigh In

RHI has been the subject of several research analyst reports. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Barclays dropped their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, Truist Financial set a $55.00 target price on shares of Robert Half and gave the company a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $57.36.

Robert Half Stock Performance

The stock has a market capitalization of $4.49 billion, a PE ratio of 18.02 and a beta of 1.13. The business's 50-day moving average is $52.58 and its two-hundred day moving average is $63.76.

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 the consensus estimate 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 return on equity of 17.20% and a net margin of 4.34%. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Tuesday, February 25th. Robert Half's payout ratio is presently 96.72%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 position in shares of Robert Half during the 4th quarter worth $26,000. Signaturefd LLC boosted its position in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after buying an additional 239 shares in the last quarter. CX Institutional acquired a new stake in Robert Half in the 1st quarter valued at about $33,000. Finally, Eastern Bank purchased a new position in Robert Half during the 4th quarter valued at about $35,000. 92.41% of the stock is 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.