Robert Half (NYSE:RHI) Trading Up 8.2% – What’s Next?

Robert Half Inc. (NYSE:RHI)’s stock price traded up 8.2% on Friday . The stock traded as high as $32.60 and last traded at $32.5480. Approximately 1,578,914 shares changed hands during trading, a decline of 46% from the average daily volume of 2,940,766 shares. The stock had previously closed at $30.09.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on RHI shares. Barclays dropped their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $31.75.

Robert Half Stock Up 8.9%

The company has a market cap of $3.35 billion, a P/E ratio of 25.20 and a beta of 0.84. The company has a fifty day moving average of $28.58 and a 200 day moving average of $27.23.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company earned $0.17 earnings per share. Robert Half’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts forecast that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a $0.59 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 7.2%. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Institutional Trading of Robert Half

Several hedge funds have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. increased its holdings in Robert Half by 40.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock worth $66,297,000 after acquiring an additional 707,078 shares in the last quarter. Kiltearn Partners LLP lifted its stake in shares of Robert Half by 40.6% during the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock valued at $15,712,000 after buying an additional 133,500 shares in the last quarter. Greenhaven Associates Inc. purchased a new position in shares of Robert Half in the fourth quarter valued at about $2,844,000. Capital World Investors lifted its holdings in Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock worth $147,512,000 after purchasing an additional 3,566,645 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Robert Half by 217.5% during the third quarter. Barclays PLC now owns 728,316 shares of the business services provider’s stock worth $24,748,000 after acquiring an additional 498,951 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.