Robert Half (NYSE:RHI) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Robert Half (NYSE:RHI) from an underperform rating to an outperform rating in a report published on Monday, Marketbeat reports. The firm currently has $71.50 price target on the business services provider’s stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their price objective 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. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Stock Down 2.3 %

NYSE:RHI opened at $57.91 on Monday. The company has a fifty day moving average of $69.16 and a 200 day moving average of $67.71. Robert Half has a 52 week low of $57.05 and a 52 week high of $83.25. The firm has a market capitalization of $5.98 billion, a P/E ratio of 23.73 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. As a group, analysts anticipate that Robert Half will post 2.53 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a $0.59 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.08%. Robert Half’s dividend payout ratio is currently 86.89%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several institutional investors have recently bought and sold shares of the company. Boston Partners grew its position in Robert Half by 17.5% during 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. grew its position in Robert Half by 72.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after purchasing an additional 3,398,257 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Robert Half by 4.5% during the 4th 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 purchasing an additional 148,577 shares during the last quarter. Alliancebernstein L.P. grew its position in Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock valued at $226,740,000 after purchasing an additional 17,338 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Robert Half by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 2,109,561 shares of the business services provider’s stock valued at $148,677,000 after purchasing an additional 53,294 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.