Robert Half Target of Unusually High Options Trading (NYSE:RHI)

Robert Half Inc. (NYSE:RHI) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 2,974 put options on the company. This represents an increase of 1,264% compared to the average daily volume of 218 put options.

Analyst Ratings Changes

Several research analysts have issued reports on RHI shares. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a report on Monday, February 10th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, StockNews.com raised shares of Robert Half from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.92.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently modified their holdings of the stock. Covestor Ltd raised its holdings in shares of Robert Half by 11.9% during the third quarter. Covestor Ltd now owns 3,965 shares of the business services provider’s stock worth $267,000 after acquiring an additional 421 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Robert Half by 0.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 30,957 shares of the business services provider’s stock worth $2,087,000 after purchasing an additional 290 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock worth $54,000 after purchasing an additional 602 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Robert Half by 345.1% during the 3rd quarter. WCM Investment Management LLC now owns 18,735 shares of the business services provider’s stock valued at $1,262,000 after buying an additional 14,526 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of Robert Half by 79.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider’s stock valued at $864,000 after buying an additional 5,679 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 0.5 %

Shares of Robert Half stock opened at $54.49 on Tuesday. The stock has a market cap of $5.57 billion, a PE ratio of 22.33 and a beta of 1.22. Robert Half has a 12 month low of $53.53 and a 12 month high of $81.85. The business has a fifty day simple moving average of $64.13 and a 200-day simple moving average of $67.35.

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

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

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.