Wall Street Zen Downgrades Robert Half (NYSE:RHI) to Sell

Wall Street Zen cut shares of Robert Half (NYSE:RHI - Free Report) from a hold rating to a sell rating in a research note published on Saturday.

Several other equities analysts also recently weighed in on the stock. 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, April 24th. Barclays reduced their price objective on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. 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 report on Thursday, April 24th. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group decreased their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $48.71.

Robert Half Stock Performance

RHI stock traded up $1.12 during trading on Friday, reaching $46.43. The company had a trading volume of 1,085,579 shares, compared to its average volume of 1,492,200. The firm has a 50-day simple moving average of $48.12 and a 200-day simple moving average of $60.32. Robert Half has a twelve month low of $40.00 and a twelve month high of $78.41. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 19.03 and a beta of 1.06.

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

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.08%. Robert Half's payout ratio is 118.00%.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently made changes to their positions in RHI. Exchange Traded Concepts LLC increased its holdings in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after buying an additional 166 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Robert Half by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after acquiring an additional 205 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Robert Half by 11.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider's stock worth $152,000 after acquiring an additional 218 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Robert Half by 39.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the business services provider's stock valued at $55,000 after acquiring an additional 220 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares during the period. Institutional investors own 92.41% of the company's stock.

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.