Robert Half (NYSE:RHI) Upgraded by Truist Financial to “Buy” Rating

Truist Financial upgraded shares of Robert Half (NYSE:RHI) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat reports. Truist Financial currently has $90.00 price objective on the business services provider’s stock, up from their previous price objective of $62.00.

Separately, JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.67.

Robert Half Price Performance

NYSE RHI opened at $76.10 on Friday. Robert Half has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market capitalization of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. The business’s 50-day moving average is $71.62 and its 200 day moving average is $66.41.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Robert Half will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.79%. Robert Half’s payout ratio is 77.37%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Robert Half by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 290,190 shares of the business services provider’s stock worth $18,566,000 after acquiring an additional 9,243 shares during the last quarter. Shayne & Jacobs LLC lifted its position in Robert Half by 44.2% in the 2nd quarter. Shayne & Jacobs LLC now owns 33,447 shares of the business services provider’s stock valued at $2,140,000 after acquiring an additional 10,260 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Robert Half in the 2nd quarter valued at approximately $483,000. Finally, Capital Investment Counsel Inc boosted its stake in Robert Half by 15.6% during the 2nd quarter. Capital Investment Counsel Inc now owns 3,705 shares of the business services provider’s stock valued at $237,000 after purchasing an additional 500 shares during the last quarter. 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.