Robert Half (NYSE:RHI) Price Target Lowered to $64.00 at BMO Capital Markets

Robert Half (NYSE:RHI) had its price target cut by BMO Capital Markets from $72.00 to $64.00 in a report issued on Thursday, Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of Robert Half from a buy rating to a hold rating in a research report on Friday, July 5th. BNP Paribas raised shares of Robert Half from an underperform rating to an outperform rating and set a $80.00 target price on the stock in a report on Tuesday, June 11th. Robert W. Baird decreased their price target on shares of Robert Half from $84.00 to $79.00 and set an outperform rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $74.00 to $70.00 and set a neutral rating on the stock in a research report on Thursday. Finally, Truist Financial upgraded shares of Robert Half from a sell rating to a hold rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $67.86.

Robert Half Trading Up 4.0 %

Shares of NYSE RHI opened at $62.31 on Thursday. The firm has a market cap of $6.54 billion, a PE ratio of 18.66, a PEG ratio of 5.24 and a beta of 1.25. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The company has a fifty day moving average price of $64.40 and a 200 day moving average price of $72.57.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the company posted $1.00 earnings per share. Robert Half’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities research analysts forecast that Robert Half will post 2.69 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Thursday, May 23rd. Robert Half’s payout ratio is currently 63.47%.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Hedge funds have recently bought and sold shares of the company. Qsemble Capital Management LP bought a new position in Robert Half during the first quarter worth $1,454,000. UniSuper Management Pty Ltd grew its holdings in Robert Half by 671.3% in the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares during the period. Franklin Resources Inc. grew its holdings in Robert Half by 35.1% in the fourth quarter. Franklin Resources Inc. now owns 253,968 shares of the business services provider’s stock worth $22,329,000 after purchasing an additional 66,049 shares during the period. Twin Capital Management Inc. grew its holdings in Robert Half by 38.7% in the fourth quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock worth $677,000 after purchasing an additional 2,148 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Robert Half by 34.0% during the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after buying an additional 13,503 shares during the last quarter. Institutional investors 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.