Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Reduce” from Brokerages

Robert Half Inc. (NYSE:RHI) has been given an average recommendation of “Reduce” by the nine analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $31.75.

Several equities research analysts have recently weighed in on RHI shares. Truist Financial upped their price target on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Barclays reduced their price objective on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. BNP Paribas Exane lowered shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price on the stock. in a report on Friday, December 5th. JPMorgan Chase & Co. increased their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, BMO Capital Markets cut their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Tuesday, February 17th.

Institutional Trading of Robert Half

Institutional investors and hedge funds have recently modified their holdings of the business. Pinnacle Financial Partners Inc boosted its position in shares of Robert Half by 0.8% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 46,008 shares of the business services provider’s stock valued at $1,563,000 after acquiring an additional 355 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Robert Half by 3.5% in the third quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock worth $410,000 after purchasing an additional 407 shares during the last quarter. Arizona State Retirement System raised its stake in Robert Half by 1.6% in the third quarter. Arizona State Retirement System now owns 30,231 shares of the business services provider’s stock valued at $1,027,000 after purchasing an additional 462 shares in the last quarter. IFP Advisors Inc raised its stake in Robert Half by 9.0% in the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider’s stock valued at $186,000 after purchasing an additional 564 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Robert Half by 38.3% during the third quarter. GAMMA Investing LLC now owns 2,161 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE RHI opened at $24.85 on Friday. The stock has a market cap of $2.51 billion, a PE ratio of 18.68 and a beta of 0.90. Robert Half has a fifty-two week low of $22.32 and a fifty-two week high of $56.28. The stock has a fifty day moving average of $27.44 and a 200-day moving average of $29.69.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Robert Half will post 2.48 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Wednesday, February 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Wednesday, February 25th. Robert Half’s dividend payout ratio (DPR) is 177.44%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.