Robert Half (NYSE:RHI) PT Lowered to $69.00 at JPMorgan Chase & Co.

Robert Half (NYSE:RHI) had its price objective reduced by JPMorgan Chase & Co. from $70.00 to $69.00 in a research report sent to investors on Wednesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

RHI has been the topic of several other reports. BMO Capital Markets cut their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Barclays dropped their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.71.

Robert Half Trading Down 1.6 %

Shares of Robert Half stock opened at $67.68 on Wednesday. The business has a 50-day moving average price of $64.98 and a two-hundred day moving average price of $65.62. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The company has a market cap of $7.10 billion, a P/E ratio of 20.26 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Robert Half will post 2.51 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Robert Half

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 323 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Robert Half in the first quarter worth $26,000. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter valued at $27,000. Versant Capital Management Inc purchased a new stake in shares of Robert Half during the 2nd quarter valued at $35,000. Finally, Family Firm Inc. bought a new stake in shares of Robert Half during the 2nd quarter worth $45,000. Hedge funds and other 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.