Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Robert Half Inc. (NYSE:RHI) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $68.71.

RHI has been the topic of several research analyst reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Tuesday, June 11th. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Monday, April 22nd. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, Robert W. Baird reduced their price target 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.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now directly owns 10,713 shares of the company’s stock, valued at $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of RHI. Blue Trust Inc. raised its holdings in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after purchasing an additional 323 shares during the period. Fidelis Capital Partners LLC acquired a new stake in shares of Robert Half in the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the 2nd quarter worth about $35,000. Venturi Wealth Management LLC increased its holdings in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Robert Half in the 4th quarter worth about $46,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of NYSE RHI opened at $65.94 on Tuesday. The company has a 50-day simple moving average of $65.05 and a 200-day simple moving average of $73.11. Robert Half has a 12 month low of $60.66 and a 12 month high of $88.39. The company has a market cap of $6.92 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 5.48 and a beta of 1.25.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. On average, analysts anticipate that Robert Half will post 2.92 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a $0.53 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 annualized dividend and a yield of 3.22%. 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.