Brokerages Set Robert Half Inc. (NYSE:RHI) PT at $67.86

Shares of Robert Half Inc. (NYSE:RHI) have received an average recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $67.86.

A number of research firms have recently weighed in on RHI. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. Truist Financial decreased their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Robert W. Baird dropped their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Barclays decreased their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mawer Investment Management Ltd. increased its holdings in Robert Half by 105.4% in the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after buying an additional 1,875,476 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after purchasing an additional 1,240,492 shares in the last quarter. Capital World Investors raised its holdings in Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after purchasing an additional 917,311 shares during the period. Boston Partners boosted its position in Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider’s stock worth $287,265,000 after purchasing an additional 874,620 shares in the last quarter. Finally, Norges Bank acquired a new stake in Robert Half in the fourth quarter valued at approximately $73,311,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Up 0.1 %

Shares of RHI stock opened at $61.31 on Friday. The company’s 50 day moving average is $63.32 and its 200 day moving average is $70.82. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 5.91 and a beta of 1.25. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. Analysts anticipate that Robert Half will post 2.58 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 23rd will be issued a $0.53 dividend. The ex-dividend date is Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.46%. Robert Half’s dividend payout ratio (DPR) 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.