Robert Half (NYSE:RHI) PT Lowered to $62.00 at Truist Financial

Robert Half (NYSE:RHI) had its price target decreased by Truist Financial from $72.00 to $62.00 in a research note released on Friday, Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

A number of other analysts have also commented on RHI. BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a market perform rating on the stock in a report on Thursday, July 25th. BNP Paribas upgraded Robert Half from an underperform rating to an outperform rating and set a $80.00 target price on the stock in a research note on Tuesday, June 11th. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $74.00 to $70.00 and set a neutral rating for the company in a research note on Thursday, July 25th. StockNews.com lowered shares of Robert Half from a buy rating to a hold rating in a research report on Friday, July 5th. Finally, Robert W. Baird decreased their target price on shares of Robert Half from $84.00 to $79.00 and set an outperform rating for the company in a research report on Friday, April 26th. Two equities 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 stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $67.86.

Robert Half Stock Performance

NYSE RHI opened at $63.41 on Friday. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 5.63 and a beta of 1.25. The business has a 50 day simple moving average of $64.40 and a 200 day simple moving average of $72.57. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. On average, analysts predict that Robert Half will post 2.69 EPS for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.34%. Robert Half’s payout ratio is 63.47%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Robert Half

Hedge funds have recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new stake in Robert Half in the first quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after acquiring an additional 323 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Robert Half during the 4th quarter worth approximately $46,000. Finally, Versant Capital Management Inc bought a new stake in Robert Half in the 2nd quarter valued at $35,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.