Robert Half (NYSE:RHI) Given New $60.00 Price Target at Truist Financial

Robert Half (NYSE:RHI) had its target price reduced by Truist Financial from $90.00 to $60.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

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

Robert Half Stock Performance

Shares of RHI stock opened at $48.33 on Tuesday. Robert Half has a fifty-two week low of $44.97 and a fifty-two week high of $78.41. The stock’s fifty day moving average is $55.00 and its two-hundred day moving average is $65.05. The firm has a market capitalization of $4.94 billion, a P/E ratio of 19.81 and a beta of 1.13.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.88%. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently made changes to their positions in RHI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after buying an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in Robert Half during the 4th quarter worth about $26,000. Signaturefd LLC boosted its holdings in Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. CX Institutional acquired a new position in Robert Half in the 1st quarter valued at about $33,000. Finally, Eastern Bank acquired a new position in Robert Half in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors 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.