Robert Half Inc. (NYSE:RHI) Receives $45.83 Consensus Target Price from Analysts

Robert Half Inc. (NYSE:RHI) has been given a consensus rating of “Reduce” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $45.00.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, July 24th. Truist Financial dropped their price target on shares of Robert Half from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a research report on Saturday, September 27th. Finally, Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research report on Monday, September 22nd.

Institutional Investors Weigh In On Robert Half

Hedge funds and other institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC raised its holdings in shares of Robert Half by 45.0% during the first quarter. Manchester Capital Management LLC now owns 825 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 256 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Robert Half by 11.9% in the 2nd quarter. Strengthening Families & Communities LLC now owns 2,479 shares of the business services provider’s stock valued at $102,000 after buying an additional 263 shares during the period. Quarry LP increased its position in Robert Half by 540.8% in the 1st quarter. Quarry LP now owns 487 shares of the business services provider’s stock valued at $27,000 after buying an additional 411 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Robert Half by 9.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,952 shares of the business services provider’s stock valued at $203,000 after buying an additional 424 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in Robert Half by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock valued at $1,672,000 after buying an additional 427 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Up 2.4%

RHI opened at $32.12 on Thursday. Robert Half has a 12-month low of $31.32 and a 12-month high of $78.41. The firm has a market capitalization of $3.27 billion, a P/E ratio of 18.35 and a beta of 1.02. The stock has a fifty day moving average of $35.27 and a 200-day moving average of $41.19.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Robert Half’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts expect that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, August 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, August 25th. Robert Half’s dividend payout ratio (DPR) is currently 134.86%.

Robert Half Company Profile

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.