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

Shares of Robert Half Inc. (NYSE:RHI) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $67.86.

Several brokerages have recently issued reports on RHI. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Tuesday, June 11th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. reduced their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Finally, BMO Capital Markets dropped their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th.

Robert Half Stock Performance

Shares of RHI stock opened at $66.62 on Friday. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The company has a 50-day simple moving average of $63.36 and a two-hundred day simple moving average of $66.66. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 19.95 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 earnings per share. On average, sell-side analysts forecast that Robert Half will post 2.51 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were paid a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.18%. Robert Half’s dividend payout ratio is 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Large investors have recently modified their holdings of the company. Handelsbanken Fonder AB increased its holdings in Robert Half by 25.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 26,500 shares of the business services provider’s stock worth $1,786,000 after acquiring an additional 5,400 shares during the period. Alpha Omega Wealth Management LLC grew its position in shares of Robert Half by 5.3% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 35,148 shares of the business services provider’s stock valued at $2,369,000 after purchasing an additional 1,762 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Robert Half in the second quarter worth $672,000. Sanctuary Advisors LLC purchased a new stake in shares of Robert Half in the second quarter worth $350,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of Robert Half by 182.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 24,305 shares of the business services provider’s stock worth $1,555,000 after buying an additional 15,690 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

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.