Robert Half (NYSE:RHI) Shares Down 7.2% – Should You Sell?

Robert Half Inc. (NYSE:RHI)’s stock price fell 7.2% during trading on Tuesday . The company traded as low as $39.63 and last traded at $39.52. Approximately 623,169 shares traded hands during trading, a decline of 77% from the average daily volume of 2,728,661 shares. The stock had previously closed at $42.58.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RHI. Robert W. Baird set a $47.00 target price on Robert Half in a report on Monday, July 27th. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Monday, July 27th. Finally, Truist Financial raised their target price on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Robert Half has an average rating of “Hold” and a consensus target price of $34.75.

Robert Half Price Performance

The business has a 50-day simple moving average of $39.98 and a two-hundred day simple moving average of $31.42. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 34.44 and a beta of 0.81.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Robert Half Inc. will post 1.27 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 6.0%. Robert Half’s dividend payout ratio (DPR) is currently 205.22%.

Institutional Trading of Robert Half

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Robert Half during the second quarter worth approximately $7,727,000. California State Teachers Retirement System increased its stake in shares of Robert Half by 25.0% during the first quarter. California State Teachers Retirement System now owns 119,848 shares of the business services provider’s stock worth $3,044,000 after purchasing an additional 23,994 shares during the period. Cornerstone Capital Inc. acquired a new stake in Robert Half during the 2nd quarter worth approximately $8,136,000. Crescent Grove Advisors LLC acquired a new stake in Robert Half during the 1st quarter worth approximately $497,000. Finally, Brickwood Asset Management LLP bought a new stake in Robert Half in the 4th quarter valued at $34,908,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.