Brokerages Set Robert Half Inc. (NYSE:RHI) PT at $64.92

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $64.92.

RHI has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Barclays decreased their price target on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Truist Financial lowered their price target on shares of Robert Half from $90.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research note on Monday, February 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock valued at $25,000 after buying an additional 313 shares during the period. Headlands Technologies LLC bought a new stake in shares of Robert Half in the 4th quarter valued at about $26,000. Signaturefd LLC raised its position in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. CX Institutional bought a new position in Robert Half during the 1st quarter worth approximately $33,000. Finally, Eastern Bank acquired a new position in Robert Half during the fourth quarter valued at approximately $35,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 0.6 %

NYSE RHI opened at $45.14 on Thursday. Robert Half has a 1-year low of $44.31 and a 1-year high of $78.41. The company has a 50 day moving average of $53.71 and a 200-day moving average of $64.34. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 18.50 and a beta of 1.13.

Robert Half (NYSE:RHI) last issued 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 net margin of 4.34% and a return on equity of 17.20%. On average, analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 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.