Truist Financial Cuts Robert Half (NYSE:RHI) Price Target to $60.00

Robert Half (NYSE:RHI) had its price objective decreased by Truist Financial from $90.00 to $60.00 in a research note released on Tuesday morning,Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

RHI has been the subject of several other reports. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Barclays lowered their price target on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.92.

Robert Half Price Performance

Shares of RHI opened at $45.40 on Tuesday. The firm has a market capitalization of $4.63 billion, a PE ratio of 18.61 and a beta of 1.13. The company’s fifty day moving average price is $54.53 and its 200-day moving average price is $64.81. Robert Half has a 1-year low of $44.97 and a 1-year high of $78.41.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, research analysts anticipate that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a $0.59 dividend. This is a boost from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 5.20%. Robert Half’s dividend payout ratio is presently 96.72%.

Institutional Trading of Robert Half

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Robert Half in the fourth quarter valued at about $26,000. Signaturefd LLC increased 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. CX Institutional acquired a new position in shares of Robert Half during the 1st quarter worth about $33,000. Finally, Eastern Bank purchased a new position in Robert Half in the 4th quarter valued at about $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

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.