Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $74.92.

Several research firms have issued reports on RHI. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FORA Capital LLC purchased a new stake in Robert Half in the third quarter valued at $1,792,000. Van ECK Associates Corp boosted its stake in shares of Robert Half by 24.1% in the fourth quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider’s stock worth $6,051,000 after buying an additional 16,668 shares during the last quarter. SG Americas Securities LLC grew its holdings in Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after acquiring an additional 12,883 shares during the period. Smartleaf Asset Management LLC raised its position in Robert Half by 48.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 258 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after acquiring an additional 46,100 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

NYSE:RHI opened at $53.86 on Friday. The firm has a 50-day simple moving average of $59.55 and a 200-day simple moving average of $66.41. Robert Half has a one year low of $51.55 and a one year high of $79.27. The firm has a market cap of $5.50 billion, a P/E ratio of 22.07 and a beta of 1.22.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.38%. Robert Half’s dividend payout ratio (DPR) is currently 96.72%.

Robert Half Company Profile

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.