Brokerages Set Robert Half Inc. (NYSE:RHI) Price Target at $74.92

Robert Half Inc. (NYSE:RHI) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $74.92.

Several research firms have recently issued reports on RHI. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Barclays upgraded shares of 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 research report on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research report on Monday, February 10th. Finally, StockNews.com upgraded shares of Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday.

Robert Half Stock Performance

NYSE:RHI opened at $58.99 on Wednesday. The firm’s 50-day moving average is $65.72 and its 200-day moving average is $67.52. Robert Half has a 52-week low of $57.05 and a 52-week high of $83.25. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 24.18 and a beta of 1.23.

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

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s payout ratio is 96.72%.

Hedge Funds Weigh In On Robert Half

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its position in Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after buying an additional 1,049,005 shares in the last quarter. FORA Capital LLC acquired a new position in Robert Half in the third quarter valued at about $1,792,000. Van ECK Associates Corp boosted its position in Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock valued at $6,051,000 after buying an additional 16,668 shares in the last quarter. SG Americas Securities LLC boosted its position in Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after buying an additional 12,883 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.