Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Hold” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $74.33.

Several equities analysts have commented on the stock. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $80.00 in a report on Friday. JPMorgan Chase & Co. cut their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Monday, December 16th.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. FORA Capital LLC purchased a new position in Robert Half during the 3rd quarter worth $1,792,000. Achmea Investment Management B.V. increased its stake in Robert Half by 9.2% in the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock valued at $9,741,000 after purchasing an additional 12,772 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Robert Half by 136.3% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock valued at $5,656,000 after buying an additional 50,995 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after buying an additional 575,879 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 0.8 %

Shares of NYSE RHI opened at $69.42 on Tuesday. The stock has a market capitalization of $7.17 billion, a PE ratio of 25.34 and a beta of 1.24. Robert Half has a twelve month low of $57.05 and a twelve month high of $83.59. The stock has a fifty day simple moving average of $72.87 and a 200-day simple moving average of $67.27.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, equities analysts predict that Robert Half will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

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.