Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $74.92.

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

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after buying an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new position in Robert Half in the fourth quarter valued at about $26,000. Private Trust Co. NA boosted its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. Signaturefd LLC grew its position in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. Finally, Eastern Bank bought a new stake in shares of Robert Half in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $53.20 on Friday. The stock’s 50 day moving average price is $61.08 and its two-hundred day moving average price is $66.67. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 21.80 and a beta of 1.22. Robert Half has a 52-week low of $51.55 and a 52-week high of $79.84.

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

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.44%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s dividend payout ratio is presently 96.72%.

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.