Robert W. Baird Cuts Robert Half (NYSE:RHI) Price Target to $79.00

Robert Half (NYSE:RHI) had its price target reduced by Robert W. Baird from $84.00 to $79.00 in a research note released on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

Several other research analysts have also recently issued reports on the stock. Truist Financial raised shares of Robert Half from a sell rating to a hold rating and set a $72.00 target price for the company in a report on Monday, April 22nd. BMO Capital Markets decreased their target price on shares of Robert Half from $85.00 to $80.00 and set a market perform rating for the company in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $68.14.

Robert Half Price Performance

Shares of NYSE RHI opened at $69.35 on Friday. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39. The stock has a market cap of $7.29 billion, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 17.24 and a beta of 1.26. The firm has a 50-day moving average of $76.99 and a 200 day moving average of $79.42.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.08%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $1.14 EPS. Robert Half’s revenue was down 14.0% on a year-over-year basis. Research analysts expect that Robert Half will post 3.3 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. The ex-dividend date was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s payout ratio is currently 63.47%.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several large investors have recently added to or reduced their stakes in RHI. Venturi Wealth Management LLC grew its position in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the period. Larson Financial Group LLC bought a new stake in Robert Half during the third quarter valued at approximately $39,000. CoreFirst Bank & Trust grew its position in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after buying an additional 440 shares during the period. Orion Capital Management LLC bought a new stake in Robert Half during the third quarter valued at approximately $43,000. Finally, GAMMA Investing LLC bought a new stake in Robert Half during the fourth quarter valued at approximately $46,000. 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.