Robert Half (NYSE:RHI) Sees Large Volume Increase - What's Next?

Robert Half Inc. (NYSE:RHI - Get Free Report) saw an uptick in trading volume on Tuesday . 1,335,016 shares traded hands during mid-day trading, a decline of 4% from the previous session's volume of 1,384,411 shares.The stock last traded at $42.15 and had previously closed at $41.16.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RHI. Barclays lowered their price target on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Robert Half has an average rating of "Hold" and an average target price of $48.71.

Robert Half Price Performance

The company has a fifty day simple moving average of $44.02 and a two-hundred day simple moving average of $53.23. The company has a market capitalization of $4.29 billion, a P/E ratio of 21.00 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data 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 net margin of 3.62% and a return on equity of 14.54%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the company posted $0.61 EPS. The business's revenue was down 8.4% on a year-over-year basis. Equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Friday, May 23rd. Robert Half's dividend payout ratio is 118.00%.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Boston Partners lifted its position in shares of Robert Half by 17.5% during the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after buying an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Robert Half by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock valued at $197,372,000 after acquiring an additional 184,592 shares during the period. Alliancebernstein L.P. boosted its position in shares of Robert Half by 1.6% in the first quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider's stock valued at $178,293,000 after acquiring an additional 50,436 shares during the period. Finally, Fiduciary Management Inc. WI grew its stake in shares of Robert Half by 14.4% in the first quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider's stock worth $140,563,000 after acquiring an additional 325,241 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.