Analysts Set Robert Half Inc. (NYSE:RHI) PT at $68.14

Shares of Robert Half Inc. (NYSE:RHI) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $68.14.

Several equities analysts have issued reports on RHI shares. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a research report on Monday, April 22nd. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird decreased their target price on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, BMO Capital Markets lowered their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its stake in shares of Robert Half by 17.8% during the 3rd quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider’s stock worth $57,594,000 after purchasing an additional 118,800 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Robert Half by 151.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider’s stock worth $5,313,000 after buying an additional 43,726 shares during the period. Twin Capital Management Inc. lifted its position in Robert Half by 38.7% during the fourth quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock worth $677,000 after buying an additional 2,148 shares during the period. Mackenzie Financial Corp boosted its stake in Robert Half by 34.0% in the 4th quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock worth $4,683,000 after buying an additional 13,503 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Robert Half by 88.5% in the 3rd quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider’s stock valued at $2,048,000 after buying an additional 13,026 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

NYSE:RHI opened at $70.16 on Thursday. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.27 and a beta of 1.30. The firm’s fifty day moving average price is $75.95 and its 200 day moving average price is $79.16. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 earnings per share. As a group, analysts expect that Robert Half will post 2.98 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 24th will be given a $0.53 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.02%. Robert Half’s dividend payout ratio is presently 63.47%.

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.