Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Hold” by Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $69.00.

RHI has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Truist Financial dropped their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. Finally, BMO Capital Markets reduced their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th.

Robert Half Stock Performance

Shares of RHI opened at $73.42 on Monday. The firm’s 50-day simple moving average is $68.00 and its two-hundred day simple moving average is $65.69. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The stock has a market cap of $7.58 billion, a PE ratio of 26.80 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Robert Half will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Hedge Funds Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of RHI. Sei Investments Co. increased its holdings in Robert Half by 134.3% in the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider’s stock worth $3,781,000 after acquiring an additional 27,334 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Robert Half in the 1st quarter worth $226,000. Vanguard Group Inc. increased its stake in Robert Half by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after buying an additional 366,978 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Robert Half by 5.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,565 shares of the business services provider’s stock worth $917,000 after purchasing an additional 602 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Robert Half during the first quarter worth about $1,222,000. 92.41% of the stock is 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.