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 report issued on Friday, MarketBeat.com reports. Barclays currently has $80.00 target price on the business services provider’s stock, up from their previous target price of $60.00.

Several other research analysts have also weighed in on RHI. BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on 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 raised Robert Half from a “hold” rating to a “buy” rating and upped their price target for the company 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 issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.33.

Robert Half Price Performance

Shares of NYSE RHI opened at $69.95 on Friday. The company has a market capitalization of $7.22 billion, a price-to-earnings 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 has a 50-day moving average of $72.86 and a 200-day moving average of $67.20.

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

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several large investors have recently made changes to their positions in RHI. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter worth approximately $27,000. Private Trust Co. NA grew its stake in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half during the third quarter valued at $34,000. GAMMA Investing LLC raised its stake in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Robert Half by 310.3% in the third 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 during the period. 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.