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

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

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. BMO Capital Markets decreased their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Finally, 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 research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.71.

Robert Half Price Performance

Shares of Robert Half stock opened at $67.57 on Wednesday. The firm has a market capitalization of $7.09 billion, a P/E ratio of 20.23 and a beta of 1.23. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The company’s 50 day moving average price is $64.71 and its two-hundred day moving average price is $65.65.

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

Robert Half Dividend Announcement

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

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the 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 completion of the transaction, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RHI. Vanguard Group Inc. lifted its holdings in shares of Robert Half by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after buying an additional 366,978 shares during the period. Boston Partners grew its position in Robert Half by 14.7% during the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after purchasing an additional 479,384 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after acquiring an additional 1,875,476 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after purchasing an additional 575,879 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after acquiring an additional 786,031 shares during the period. Institutional investors own 92.41% of the company’s stock.

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.