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 report released on Thursday.

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

Robert Half Trading Up 0.9 %

Shares of RHI opened at $58.99 on Thursday. The firm’s fifty day simple moving average is $65.72 and its two-hundred day simple moving average is $67.47. Robert Half has a 12 month low of $57.05 and a 12 month high of $83.25. The stock has a market capitalization of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS 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, research analysts predict that Robert Half will post 2.48 EPS for the current fiscal 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 dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. Robert Half’s payout ratio is presently 96.72%.

Hedge Funds Weigh In On Robert Half

Several large investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its stake in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after purchasing an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after buying an additional 183 shares in the last quarter. Private Trust Co. NA raised its position in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after buying an additional 205 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.