Robert Half (NYSE:RHI) Sees Large Volume Increase - Still a Buy?

Robert Half Inc. (NYSE:RHI - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,335,016 shares traded hands during 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.

Analyst Ratings Changes

A number of research analysts have recently commented on RHI shares. BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target for the company. in a research report on Friday, May 2nd. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Barclays dropped their price objective 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. Finally, Truist Financial set a $55.00 price objective on shares of Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $48.71.

Robert Half Price Performance

The firm has a market capitalization of $4.39 billion, a P/E ratio of 21.46 and a beta of 1.00. The firm's 50 day simple moving average is $44.12 and its two-hundred day simple moving average is $53.63.

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 for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently modified their holdings of RHI. NorthCrest Asset Manangement LLC purchased a new position in shares of Robert Half during the second quarter valued at about $254,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Robert Half by 61.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 122,992 shares of the business services provider's stock valued at $5,270,000 after buying an additional 46,614 shares during the period. Sivia Capital Partners LLC increased its position in shares of Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider's stock valued at $332,000 after buying an additional 3,937 shares during the period. Pallas Capital Advisors LLC increased its position in shares of Robert Half by 88.1% during the second quarter. Pallas Capital Advisors LLC now owns 38,141 shares of the business services provider's stock valued at $1,566,000 after buying an additional 17,861 shares during the period. Finally, Martin Capital Partners LLC increased its position in shares of Robert Half by 265.7% during the second quarter. Martin Capital Partners LLC now owns 98,310 shares of the business services provider's stock valued at $4,036,000 after buying an additional 71,429 shares during the period. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Company Profile

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.