Brokerages Set Robert Half Inc. (NYSE:RHI) Price Target at $45.83

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $45.8333.

A number of research analysts recently commented on RHI shares. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research note on Saturday, September 27th. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. dropped their price objective on Robert Half from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd.

Robert Half Trading Down 5.7%

RHI opened at $31.36 on Thursday. Robert Half has a 1-year low of $31.32 and a 1-year high of $78.41. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.92 and a beta of 1.02. The business has a 50 day moving average of $35.34 and a 200-day moving average of $41.44.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%.Robert Half’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Equities analysts predict that Robert Half will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were paid a $0.59 dividend. The ex-dividend date was Monday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 7.5%. Robert Half’s dividend payout ratio (DPR) is 134.86%.

Institutional Trading of Robert Half

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHI. AQR Capital Management LLC raised its holdings in Robert Half by 190.5% during the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after purchasing an additional 4,066,328 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in Robert Half during the 1st quarter worth about $71,175,000. Qube Research & Technologies Ltd raised its holdings in Robert Half by 1,478.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock worth $47,021,000 after purchasing an additional 1,072,895 shares during the last quarter. Norges Bank bought a new stake in Robert Half during the 2nd quarter worth about $43,804,000. Finally, Pzena Investment Management LLC raised its holdings in Robert Half by 80.3% during the 2nd quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock worth $97,587,000 after purchasing an additional 1,058,569 shares during the last quarter. 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.