Robert Half (NYSE:RHI) Upgraded to Buy at Truist Financial

Truist Financial upgraded shares of Robert Half (NYSE:RHI) from a hold rating to a buy rating in a report issued on Friday morning, Marketbeat.com reports. Truist Financial currently has $90.00 target price on the business services provider’s stock, up from their previous target price of $62.00.

Separately, JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.67.

Robert Half Stock Up 0.8 %

Shares of Robert Half stock opened at $76.10 on Friday. Robert Half has a twelve month low of $57.05 and a twelve month high of $88.39. The company’s 50 day moving average is $71.62 and its 200 day moving average is $66.41. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24.

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 analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS. Sell-side analysts expect that Robert Half will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.79%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares in the last quarter. Private Trust Co. NA grew its stake in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. M&T Bank Corp increased its holdings in Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 227 shares during the last quarter. Isthmus Partners LLC lifted its stake in Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after purchasing an additional 229 shares in the last quarter. Finally, SYM FINANCIAL Corp lifted its stake in Robert Half by 7.5% in the 3rd quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider’s stock worth $232,000 after purchasing an additional 241 shares in the last quarter. 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.