Robert Half (NYSE:RHI) Shares Gap Down – Time to Sell?

Robert Half Inc. (NYSE:RHI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $47.97, but opened at $46.53. Robert Half shares last traded at $45.86, with a volume of 231,702 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RHI shares. Truist Financial reduced their target price on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Finally, Barclays reduced their target price on Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.92.

Robert Half Stock Down 5.3 %

The stock has a fifty day moving average of $54.25 and a two-hundred day moving average of $64.66. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 18.61 and a beta of 1.13.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Equities research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.20%. Robert Half’s payout ratio is presently 96.72%.

Institutional Trading of Robert Half

A number of institutional investors have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC acquired a new stake in shares of Robert Half in the third quarter valued at about $263,000. MML Investors Services LLC acquired a new stake in Robert Half in the third quarter valued at approximately $225,000. Barclays PLC grew its position in Robert Half by 131.6% in the third quarter. Barclays PLC now owns 344,233 shares of the business services provider’s stock valued at $23,205,000 after acquiring an additional 195,570 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Robert Half by 56.8% during the third quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider’s stock worth $591,000 after purchasing an additional 2,869 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Robert Half by 6.1% in the third quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider’s stock valued at $940,000 after purchasing an additional 797 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.