Robert Half (NYSE:RHI) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Robert Half (NYSE:RHI) from a hold rating to a buy rating in a report issued on Thursday morning.

Several other analysts also recently issued reports on RHI. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Robert Half currently has an average rating of “Moderate Buy” and an average price target of $74.92.

Robert Half Trading Down 1.7 %

NYSE:RHI opened at $58.48 on Thursday. The company has a market capitalization of $5.98 billion, a P/E ratio of 23.97 and a beta of 1.23. The firm has a 50-day moving average price of $66.22 and a two-hundred day moving average price of $67.54. Robert Half has a twelve month low of $57.05 and a twelve month high of $83.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities research analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s dividend payout ratio is presently 96.72%.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of RHI. Boston Partners boosted its holdings in shares of Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the last quarter. Mawer Investment Management Ltd. raised its position in shares of Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock worth $569,288,000 after buying an additional 3,398,257 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Robert Half by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after acquiring an additional 148,577 shares during the last quarter. Alliancebernstein L.P. grew its position in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock valued at $226,740,000 after acquiring an additional 17,338 shares during the period. Finally, Fiduciary Management Inc. WI grew its position in Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock valued at $158,644,000 after acquiring an additional 300,524 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

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.