Robert Half (NYSE:RHI) Shares Gap Up – Still a Buy?

Robert Half Inc. (NYSE:RHI)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $36.70, but opened at $38.77. Robert Half shares last traded at $40.2510, with a volume of 453,683 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on RHI. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group boosted their target price on Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a report on Tuesday. Finally, Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Robert Half has a consensus rating of “Reduce” and a consensus target price of $31.62.

Robert Half Trading Up 10.6%

The stock has a fifty day simple moving average of $30.25 and a 200-day simple moving average of $27.78. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 31.09 and a beta of 0.82.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.Robert Half’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. Sell-side analysts forecast that Robert Half Inc. will post 1.29 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Institutional Trading of Robert Half

Several institutional investors have recently modified their holdings of RHI. Larson Financial Group LLC increased its position in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half in the 4th quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half in the 2nd quarter valued at $34,000. Elevation Wealth Partners LLC lifted its holdings in shares of Robert Half by 605.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after acquiring an additional 975 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Robert Half by 94.3% during the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

About Robert Half

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.