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

Shares of Robert Half Inc. (NYSE:RHI) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $74.92.

A number of brokerages recently weighed in on RHI. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after purchasing an additional 166 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 183 shares during the period. Private Trust Co. NA lifted its stake in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 205 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of Robert Half by 11.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $59.70 on Wednesday. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 24.47 and a beta of 1.23. The firm’s fifty day moving average price is $66.45 and its 200 day moving average price is $67.59. Robert Half has a 12 month low of $57.05 and a 12 month high of $83.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, sell-side analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio (DPR) is 96.72%.

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.