Robert Half (NYSE:RHI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Robert Half Inc. (NYSE:RHI) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.78 and traded as high as $32.32. Robert Half shares last traded at $31.3670, with a volume of 1,660,320 shares.

Analysts Set New Price Targets

A number of research firms have commented on RHI. Weiss Ratings cut shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 22nd. Barclays lowered 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 report on Friday, March 6th. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. BMO Capital Markets cut their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Finally, William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $31.75.

Robert Half Trading Down 0.7%

The firm has a market capitalization of $3.21 billion, a P/E ratio of 24.13 and a beta of 0.84. The company’s fifty day simple moving average is $26.74 and its 200 day simple moving average is $26.78.

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

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.59 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 7.5%. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC grew its stake in Robert Half by 33.8% in the third quarter. Pzena Investment Management LLC now owns 3,179,968 shares of the business services provider’s stock valued at $108,055,000 after purchasing an additional 802,691 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Robert Half by 40.8% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,440,961 shares of the business services provider’s stock valued at $66,297,000 after acquiring an additional 707,078 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Robert Half by 46.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 530,056 shares of the business services provider’s stock worth $18,011,000 after buying an additional 168,150 shares during the period. AMG National Trust Bank acquired a new position in shares of Robert Half during the 3rd quarter worth approximately $1,372,000. Finally, Kiltearn Partners LLP raised its stake in Robert Half by 40.6% in the 3rd quarter. Kiltearn Partners LLP now owns 462,400 shares of the business services provider’s stock valued at $15,712,000 after purchasing an additional 133,500 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.