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

Robert Half Inc. (NYSE:RHI) has been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has 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 target among brokerages that have updated their coverage on the stock in the last year is $74.33.

RHI has been the subject of several research reports. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research report on Monday, December 16th. Finally, 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.

Robert Half Price Performance

Shares of RHI stock opened at $65.63 on Tuesday. The business has a fifty day moving average of $72.77 and a 200 day moving average of $67.32. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.95 and a beta of 1.24.

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

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 3.23%. Robert Half’s payout ratio is 77.37%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently modified their holdings of RHI. Rhumbline Advisers boosted its stake in Robert Half by 22.5% during the second quarter. Rhumbline Advisers now owns 294,967 shares of the business services provider’s stock worth $18,872,000 after buying an additional 54,262 shares during the last quarter. Victory Capital Management Inc. increased its position in Robert Half by 1,494.1% during the second quarter. Victory Capital Management Inc. now owns 462,491 shares of the business services provider’s stock worth $29,590,000 after purchasing an additional 433,479 shares during the last quarter. Arizona State Retirement System raised its stake in Robert Half by 1.0% during the second quarter. Arizona State Retirement System now owns 29,427 shares of the business services provider’s stock worth $1,883,000 after purchasing an additional 301 shares during the period. Savant Capital LLC boosted its holdings in Robert Half by 137.8% in the 2nd quarter. Savant Capital LLC now owns 38,772 shares of the business services provider’s stock valued at $2,481,000 after purchasing an additional 22,468 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Robert Half by 3,346.8% in the 2nd quarter. Acadian Asset Management LLC now owns 499,861 shares of the business services provider’s stock valued at $31,973,000 after buying an additional 485,359 shares during the period. 92.41% of the stock is owned by hedge funds and other 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.