Robert Half (NYSE:RHI) Downgraded to “Underperform” Rating by BNP Paribas

BNP Paribas cut shares of Robert Half (NYSE:RHI) from an outperform rating to an underperform rating in a research note released on Monday, MarketBeat reports. BNP Paribas currently has $64.00 target price on the business services provider’s stock.

RHI has been the topic of several other reports. Truist Financial upgraded 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 note on Friday. JPMorgan Chase & Co. lowered their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.00.

Robert Half Stock Down 1.3 %

Shares of NYSE RHI opened at $75.09 on Monday. The business has a fifty day simple moving average of $71.79 and a two-hundred day simple moving average of $66.50. The firm has a market cap of $7.75 billion, a PE ratio of 27.41 and a beta of 1.24. Robert Half has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $0.90 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. On average, research analysts expect that Robert Half will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.82%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently bought and sold shares of RHI. Oddo BHF Asset Management Sas purchased a new stake in Robert Half during the 3rd quarter worth approximately $1,461,000. Tidal Investments LLC grew its position in shares of 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 purchasing an additional 797 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Robert Half by 56.8% in the third quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider’s stock valued at $591,000 after purchasing an additional 2,869 shares in the last quarter. Rehmann Capital Advisory Group grew its position in shares of Robert Half by 34.1% in the third quarter. Rehmann Capital Advisory Group now owns 9,094 shares of the business services provider’s stock valued at $619,000 after purchasing an additional 2,310 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in shares of Robert Half by 1,773.4% in the third quarter. TD Private Client Wealth LLC now owns 2,604 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 2,465 shares in the last quarter. Institutional investors and hedge funds 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.