Robert Half Inc. (NYSE:RHI) Receives Consensus Rating of “Reduce” from Analysts

Robert Half Inc. (NYSE:RHI) has received an average recommendation of “Reduce” from the ten ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $31.75.

Several research firms have recently commented on RHI. Barclays decreased their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th.

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently bought and sold shares of RHI. AQR Capital Management LLC boosted its stake in Robert Half by 190.5% in the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after acquiring an additional 4,066,328 shares during the last quarter. Capital World Investors boosted its stake in Robert Half by 460.5% in the third quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after acquiring an additional 3,566,645 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Robert Half by 35.8% in the first quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock valued at $151,555,000 after acquiring an additional 1,571,883 shares during the last quarter. Brickwood Asset Management LLP bought a new position in Robert Half in the fourth quarter valued at approximately $34,908,000. Finally, Norges Bank bought a new position in Robert Half in the fourth quarter valued at approximately $33,832,000. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

RHI opened at $29.23 on Tuesday. Robert Half has a one year low of $21.83 and a one year high of $43.82. The company’s 50 day simple moving average is $28.18 and its 200-day simple moving average is $27.13. The stock has a market capitalization of $2.99 billion, a P/E ratio of 22.48 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. Robert Half’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts anticipate that Robert Half will post 1.29 EPS for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Friday, May 22nd. Robert Half’s dividend payout ratio is 181.54%.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.