Robert Half (NYSE:RHI) Price Target Cut to $79.00 by Analysts at Robert W. Baird

Robert Half (NYSE:RHI) had its price objective decreased by Robert W. Baird from $84.00 to $79.00 in a research report sent to investors on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

A number of other research analysts have also recently weighed in on RHI. BMO Capital Markets lowered their target price on shares of Robert Half from $85.00 to $80.00 and set a market perform rating on the stock in a research note on Wednesday, January 31st. Truist Financial upgraded Robert Half from a sell rating to a hold rating and set a $72.00 price objective on the stock in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Robert Half presently has an average rating of Hold and an average price target of $68.14.

Robert Half Trading Down 1.8 %

Shares of NYSE RHI opened at $69.35 on Friday. Robert Half has a 12-month low of $64.65 and a 12-month high of $88.39. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 17.55 and a beta of 1.26. The firm has a 50 day moving average of $76.99 and a 200 day moving average of $79.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 22.08% and a net margin of 5.74%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted $1.14 EPS. Robert Half’s revenue was down 14.0% on a year-over-year basis. Sell-side analysts predict that Robert Half will post 3.35 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.06%. This is a boost from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Transactions at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its position in Robert Half by 15.2% during the third quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 774 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Robert Half by 6.1% during the 3rd quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 177 shares during the last quarter. Czech National Bank boosted its position in shares of Robert Half by 46.7% in the 3rd quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock worth $1,372,000 after purchasing an additional 5,960 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Robert Half by 54.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock worth $1,561,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Grimes & Company Inc. grew its stake in Robert Half by 3.4% during the 3rd quarter. Grimes & Company Inc. now owns 211,289 shares of the business services provider’s stock worth $15,483,000 after buying an additional 6,903 shares during the last quarter. 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.