Robert Half (NYSE:RHI) Upgraded at StockNews.com

StockNews.com upgraded shares of Robert Half (NYSE:RHI) from a hold rating to a buy rating in a research note published on Monday morning.

RHI has been the subject of a number of other reports. JPMorgan Chase & Co. dropped their target price 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 Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.92.

Robert Half Trading Down 2.2 %

NYSE RHI opened at $47.37 on Monday. The firm has a market cap of $4.84 billion, a PE ratio of 19.41 and a beta of 1.13. Robert Half has a 1-year low of $44.97 and a 1-year high of $78.41. The stock has a 50-day moving average of $57.28 and a 200-day moving average of $65.93.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend was Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is 96.72%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Robert Half in the 4th quarter worth approximately $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after buying an additional 239 shares during the last quarter. Eastern Bank bought a new position in shares of Robert Half during the fourth quarter valued at $35,000. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half in the 4th quarter worth about $35,000. 92.41% of the stock is currently owned by 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.