Robert Half (NYSE:RHI) Upgraded 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 morning, MarketBeat.com reports. Barclays currently has $80.00 price objective on the business services provider’s stock, up from their previous price objective of $60.00.

Several other research analysts also recently issued reports on RHI. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target for the company. in a research note on Monday, December 16th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.33.

Robert Half Trading Up 2.1 %

Shares of RHI opened at $69.95 on Friday. Robert Half has a twelve month low of $57.05 and a twelve month high of $84.16. The firm has a market capitalization of $7.22 billion, a P/E ratio of 25.53 and a beta of 1.24. The firm’s 50-day moving average is $72.86 and its two-hundred day moving average is $67.20.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Analysts predict that Robert Half will post 2.45 EPS for the current 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. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Large investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after purchasing an additional 159,750 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Robert Half by 54.7% in the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after purchasing an additional 575,879 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after buying an additional 786,031 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Robert Half by 17.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock worth $98,687,000 after buying an additional 231,129 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.