Robert Half (NYSE:RHI) Given New $69.00 Price Target at JPMorgan Chase & Co.

Robert Half (NYSE:RHI) had its price target reduced by JPMorgan Chase & Co. from $70.00 to $69.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on RHI. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Truist Financial dropped their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Finally, BMO Capital Markets reduced their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Two research analysts have 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.com, the company presently has an average rating of “Hold” and an average target price of $67.71.

Robert Half Stock Performance

Shares of Robert Half stock opened at $67.57 on Wednesday. Robert Half has a one year low of $57.05 and a one year high of $88.39. The business’s 50 day moving average price is $64.71 and its 200 day moving average price is $65.65. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 20.23 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. Robert Half’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts predict that Robert Half will post 2.51 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Robert Half by 11.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,854 shares of the business services provider’s stock worth $4,302,000 after acquiring an additional 6,382 shares during the period. Burford Brothers Inc. acquired a new stake in shares of Robert Half in the third quarter worth about $679,000. Shayne & Jacobs LLC boosted its position in Robert Half by 28.0% during the third quarter. Shayne & Jacobs LLC now owns 42,803 shares of the business services provider’s stock worth $2,885,000 after purchasing an additional 9,356 shares during the period. Mount Yale Investment Advisors LLC bought a new stake in shares of Robert Half during the 3rd quarter worth $189,000. Finally, Grimes & Company Inc. grew its position in shares of Robert Half by 7.0% in the third quarter. Grimes & Company Inc. now owns 261,793 shares of the business services provider’s stock valued at $17,647,000 after purchasing an additional 17,218 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 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.