Robert Half (NYSE:RHI) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Robert Half Inc. (NYSE:RHI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.78 and traded as high as $32.32. Robert Half shares last traded at $31.3670, with a volume of 1,660,320 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RHI shares. BMO Capital Markets dropped their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 17th. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Barclays reduced their target price on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, March 6th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Price Performance

The stock has a market capitalization of $3.21 billion, a P/E ratio of 24.13 and a beta of 0.84. The business’s 50 day simple moving average is $26.74 and its 200-day simple moving average is $26.78.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Royal Bank of Canada boosted its holdings in shares of Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after buying an additional 6,212 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after acquiring an additional 5,675 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Robert Half by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after acquiring an additional 7,523 shares during the period. Empowered Funds LLC lifted its stake in Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after purchasing an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in Robert Half by 94.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 3,937 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Company Profile

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.