Robert Half Inc. (NYSE:RHI) Receives $69.00 Consensus Price Target from Brokerages

Robert Half Inc. (NYSE:RHI) has been given an average recommendation of “Hold” by the six research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $69.00.

A number of brokerages recently issued reports on RHI. JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial decreased their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, Barclays cut their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th.

Robert Half Price Performance

Shares of NYSE RHI opened at $74.64 on Monday. The firm has a market capitalization of $7.71 billion, a PE ratio of 27.24 and a beta of 1.23. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The business’s fifty day moving average price is $68.85 and its two-hundred day moving average price is $65.83.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the company earned $0.90 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts expect that Robert Half will post 2.45 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.84%. Robert Half’s dividend payout ratio is currently 77.37%.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of Robert Half by 489.4% during the 2nd 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. V Square Quantitative Management LLC acquired a new position in Robert Half in the third quarter worth approximately $27,000. Private Trust Co. NA grew its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of Robert Half in the third quarter valued at $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Robert Half during the 2nd quarter worth $35,000. 92.41% of the stock is currently owned by institutional investors.

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.