Brokerages Set Robert Half Inc. (NYSE:RHI) Target Price at $33.50

Robert Half Inc. (NYSE:RHI) has received an average rating of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.50.

A number of analysts have weighed in on the stock. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. Truist Financial increased their price target on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Barclays lowered their price objective on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and set a $35.00 target price on shares of Robert Half in a research report on Monday, February 2nd. Finally, UBS Group decreased their target price on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $24.76 on Wednesday. Robert Half has a 52-week low of $24.45 and a 52-week high of $61.16. The company has a market capitalization of $2.50 billion, a PE ratio of 18.61 and a beta of 0.88. The company has a fifty day moving average of $28.30 and a 200-day moving average of $30.88.

Robert Half (NYSE:RHI) last issued 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. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.53 EPS. On average, equities analysts forecast that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Financial Partners Inc increased its stake in Robert Half by 0.8% in the third quarter. Pinnacle Financial Partners Inc now owns 46,008 shares of the business services provider’s stock valued at $1,563,000 after purchasing an additional 355 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Robert Half by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 12,069 shares of the business services provider’s stock valued at $410,000 after buying an additional 407 shares during the period. 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. Yousif Capital Management LLC raised its stake in Robert Half by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 40,723 shares of the business services provider’s stock worth $1,672,000 after buying an additional 427 shares during the period. Finally, Arizona State Retirement System boosted its holdings 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 worth $1,027,000 after acquiring an additional 462 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Company Profile

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.