Robert Half (NYSE:RHI) Price Target Raised to $45.00

Robert Half (NYSE:RHI) had its price objective upped by JPMorgan Chase & Co. from $40.00 to $45.00 in a research note released on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other brokerages also recently commented on RHI. BMO Capital Markets raised shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price for the company in a report on Monday, July 27th. Jefferies Financial Group reiterated an “underperform” rating and issued a $33.00 price target on shares of Robert Half in a research note on Friday. Robert W. Baird set a $53.00 price target on shares of Robert Half in a report on Friday. Weiss Ratings downgraded shares of Robert Half from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Finally, Truist Financial raised their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.

Robert Half Price Performance

Shares of Robert Half stock opened at $46.02 on Friday. The business has a fifty day simple moving average of $38.81 and a two-hundred day simple moving average of $34.32. Robert Half has a 1 year low of $21.83 and a 1 year high of $47.14. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 38.04 and a beta of 0.84.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, October 22nd. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Robert Half had a net margin of 2.30% and a return on equity of 9.83%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Robert Half will post 1.28 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.1%. Robert Half’s dividend payout ratio (DPR) is presently 195.04%.

Institutional Investors Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently modified their holdings of RHI. Reyes Financial Architecture Inc. acquired a new position in shares of Robert Half in the third quarter valued at about $36,000. Elevation Wealth Partners LLC increased its position in Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after acquiring an additional 975 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Robert Half during the second quarter worth about $39,000. Quantbot Technologies LP bought a new position in Robert Half during the second quarter worth about $39,000. Finally, Fortitude Family Office LLC raised its stake in Robert Half by 315.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,372 shares of the business services provider’s stock worth $50,000 after purchasing an additional 1,042 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Key Headlines Impacting Robert Half

Here are the key news stories impacting Robert Half this week:

• Positive Sentiment: Earnings beat expectations: Robert Half reported third-quarter revenue of $1.359 billion, broadly in line with estimates, while earnings per share rose to $0.49 from $0.43 a year earlier and exceeded the $0.47 consensus. Robert Half Reports Third-Quarter Financial Results
• Positive Sentiment: Talent Solutions returned to growth: Adjusted Talent Solutions revenue increased 2% year over year, its first increase since 2022. Permanent placement revenue grew 6%, while contract talent revenue increased 1%, suggesting staffing demand is stabilizing. Robert Half: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Improving demand and guidance: Management cited better hiring activity, stronger October trends in key staffing categories, and improving demand for risk and compliance consulting. Fourth-quarter guidance implies approximately 3% adjusted revenue growth and roughly 30% earnings growth at the midpoint. How Staffing Firm Robert Half Is Bucking a Stalling Job Market
• Positive Sentiment: Compliance opportunity: Recent regulatory enforcement and bank fines are creating a potentially lucrative pipeline for Robert Half’s risk and compliance consulting business. Management also said artificial intelligence is changing required skills rather than eliminating demand for staffing and consulting roles. Why Robert Half Stock Jumped More Than 20% Today
• Neutral Sentiment: Analyst reaction was supportive but cautious: JPMorgan raised its price target from $40 to $45 but maintained a “neutral” rating, while other brokerages reportedly lifted targets following the results. Robert Half Stock Rises as Analysts Lift Targets

About Robert Half

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.