BNP Paribas Downgrades Robert Half (NYSE:RHI) to Neutral

BNP Paribas cut shares of Robert Half (NYSE:RHI - Free Report) from an outperform rating to a neutral rating in a report issued on Friday, Marketbeat Ratings reports. BNP Paribas currently has $45.00 price target on the business services provider's stock.

RHI has been the subject of a number of other research reports. 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. StockNews.com lowered shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group cut their price target on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Barclays reduced their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Down 0.6 %

NYSE:RHI traded down $0.26 on Friday, hitting $43.11. The stock had a trading volume of 327,980 shares, compared to its average volume of 1,485,790. The business's 50-day simple moving average is $50.42 and its two-hundred day simple moving average is $62.64. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 17.66 and a beta of 1.06. Robert Half has a 52-week low of $40.00 and a 52-week high of $78.41.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Robert Half will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a $0.59 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.36 annualized dividend and a dividend yield of 5.47%. Robert Half's dividend payout ratio is presently 118.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Robert Half during the 4th quarter worth $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares in the last quarter. GeoWealth Management LLC purchased a new position in Robert Half in the fourth quarter valued at $35,000. Finally, Eastern Bank purchased a new stake in Robert Half during the 4th quarter worth about $35,000. 92.41% of the stock is currently 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.