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

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.86.

RHI has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 11th. BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Finally, Barclays reduced their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, the director now owns 13,342 shares in the company, valued at $841,746.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Robert Half in the first quarter valued at $26,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the 2nd quarter valued at $35,000. Family Firm Inc. bought a new stake in shares of Robert Half in the 2nd quarter worth about $45,000. Finally, Parallel Advisors LLC increased its position in shares of Robert Half by 55.7% during the 4th quarter. Parallel Advisors LLC now owns 646 shares of the business services provider’s stock worth $57,000 after purchasing an additional 231 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Price Performance

NYSE RHI opened at $67.37 on Friday. The business’s 50-day simple moving average is $63.03 and its 200-day simple moving average is $67.18. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The firm has a market capitalization of $7.07 billion, a P/E ratio of 20.17 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The firm’s revenue was down 10.2% on a year-over-year basis. On average, equities research analysts expect that Robert Half will post 2.51 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.15%. Robert Half’s dividend payout ratio is 63.47%.

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.