Robert Half (NYSE:RHI) Shares Down 6.4% – What’s Next?

by · The Cerbat Gem

Robert Half Inc. (NYSE:RHIGet Free Report) shares were down 6.4% during trading on Friday . The stock traded as low as $25.61 and last traded at $25.4710. Approximately 1,292,892 shares traded hands during trading, a decline of 61% from the average daily volume of 3,283,571 shares. The stock had previously closed at $27.20.

Trending Headlines about Robert Half

Here are the key news stories impacting Robert Half this week:

Analysts Set New Price Targets

Several research analysts have recently commented on RHI shares. JPMorgan Chase & Co. raised their price target on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. Barclays reduced their price objective on Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Finally, The Goldman Sachs Group increased their price objective on Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $31.75.

Read Our Latest Research Report on Robert Half

Robert Half Price Performance

The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.22 and a beta of 0.85. The stock has a 50 day simple moving average of $24.84 and a two-hundred day simple moving average of $27.19.

Robert Half (NYSE:RHIGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.17 earnings per share. Robert Half’s quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts predict that Robert Half Inc. will post 1.53 EPS for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Wednesday, February 25th were paid a $0.59 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 9.2%. Robert Half’s dividend payout ratio (DPR) is currently 177.44%.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently bought and sold shares of RHI. Royal Bank of Canada raised its stake in Robert Half by 19.3% in the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after buying an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Robert Half by 2.5% in the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares in the last quarter. Empowered Funds LLC raised its stake in Robert Half by 91.8% in the first quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its stake in Robert Half by 94.6% in the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after buying an additional 3,937 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Company Profile

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Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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