Robert Half (NYSE:RHI) Upgraded to Equal Weight at Barclays

Barclays upgraded shares of Robert Half (NYSE:RHI) from an underweight rating to an equal weight rating in a research note released on Friday morning, Marketbeat reports. The brokerage currently has $80.00 target price on the business services provider’s stock, up from their previous target price of $60.00.

Several other brokerages also recently issued reports on RHI. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.33.

Robert Half Trading Up 2.1 %

RHI stock opened at $69.95 on Friday. The firm has a market cap of $7.22 billion, a P/E ratio of 25.53 and a beta of 1.24. Robert Half has a 1-year low of $57.05 and a 1-year high of $84.16. The business’s 50 day moving average is $72.86 and its 200-day moving average is $67.18.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 earnings per share. Sell-side analysts forecast that Robert Half will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio is currently 77.37%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Robert Half by 58.9% during the 4th quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider’s stock valued at $76,000 after purchasing an additional 402 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Robert Half in the third quarter valued at approximately $1,461,000. Tidal Investments LLC boosted its stake in Robert Half by 6.1% in the third quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider’s stock valued at $940,000 after acquiring an additional 797 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Robert Half by 56.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider’s stock worth $591,000 after acquiring an additional 2,869 shares during the period. 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.