Robert Half Inc. (NYSE:RHI) Stock Has Average Target Price of $34.75

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.75.

A number of equities research analysts have issued reports on RHI shares. Robert W. Baird set a $47.00 target price on shares of Robert Half in a research note on Monday, July 27th. Truist Financial lifted their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. The Goldman Sachs Group raised their price target on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th.

Institutional Investors Weigh In On Robert Half

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new position in Robert Half during the 2nd quarter valued at $7,727,000. Cornerstone Capital Inc. acquired a new stake in Robert Half in the 2nd quarter worth $8,136,000. Canada Pension Plan Investment Board bought a new position in shares of Robert Half during the 2nd quarter worth about $6,662,000. California State Teachers Retirement System raised its position in shares of Robert Half by 25.0% during the first quarter. California State Teachers Retirement System now owns 119,848 shares of the business services provider’s stock valued at $3,044,000 after buying an additional 23,994 shares during the last quarter. Finally, Crescent Grove Advisors LLC bought a new stake in shares of Robert Half in the first quarter valued at about $497,000. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

NYSE RHI opened at $36.92 on Friday. The stock has a market capitalization of $3.78 billion, a P/E ratio of 32.11 and a beta of 0.81. Robert Half has a 1 year low of $21.83 and a 1 year high of $46.70. The business’s fifty day moving average is $40.56 and its two-hundred day moving average is $32.88.

Robert Half (NYSE:RHI) last issued its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, research analysts forecast that Robert Half will post 1.27 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Tuesday, August 25th. Robert Half’s payout ratio is currently 205.22%.

Robert Half Company Profile

Robert Half (NYSE: RHI) is a global talent solutions and business consulting company. Through its staffing operations, the company connects employers with skilled professionals for temporary, temporary-to-hire and permanent positions, as well as project-based assignments.

Robert Half specializes in several professional fields, including accounting and finance, technology, legal, marketing and creative, and administrative and customer support services. Its offerings include recruitment, workforce management and talent placement solutions designed to support organizations with changing personnel needs.

The company also operates Protiviti, a wholly owned subsidiary that provides internal audit, risk and compliance, technology, business performance and other consulting services.