Robert Half (NYSE:RHI) Stock Rating Upgraded by Truist Financial

Truist Financial upgraded shares of Robert Half (NYSE:RHI) from a sell rating to a hold rating in a research report sent to investors on Monday, Marketbeat Ratings reports. Truist Financial currently has $72.00 price target on the business services provider’s stock.

Separately, BMO Capital Markets reduced their price target on Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $68.57.

Robert Half Price Performance

Shares of Robert Half stock opened at $71.50 on Monday. The business has a 50-day moving average of $77.64 and a 200 day moving average of $79.55. Robert Half has a 12 month low of $64.65 and a 12 month high of $88.39. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $1.37 EPS. Robert Half’s revenue for the quarter was down 14.7% on a year-over-year basis. Equities research analysts anticipate that Robert Half will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a $0.53 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.97%. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is currently 54.78%.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Hedge funds and other institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC raised its position in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new position in Robert Half during the third quarter worth approximately $39,000. CoreFirst Bank & Trust increased its position in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after buying an additional 440 shares during the period. Orion Capital Management LLC acquired a new position in Robert Half during the third quarter worth approximately $43,000. Finally, GAMMA Investing LLC acquired a new position in Robert Half during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds 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.