Analysts Set Robert Half Inc. (NYSE:RHI) Price Target at $68.14

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $68.14.

Several equities analysts recently commented on RHI shares. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price on the stock in a report on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Robert W. Baird lowered their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, BMO Capital Markets cut their price objective on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st.

Robert Half Trading Up 0.2 %

NYSE:RHI opened at $70.13 on Thursday. The stock has a fifty day moving average price of $75.32 and a 200 day moving average price of $79.07. Robert Half has a 12-month low of $64.65 and a 12-month high of $88.39. The firm has a market cap of $7.36 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. Equities analysts forecast that Robert Half will post 2.98 EPS for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.53 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. Robert Half’s payout ratio is 63.47%.

Insider Activity at Robert Half

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

Institutional Trading of Robert Half

Several hedge funds have recently made changes to their positions in RHI. Hsbc Holdings PLC raised its position in Robert Half by 17.8% in the third quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider’s stock worth $57,594,000 after acquiring an additional 118,800 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Robert Half by 151.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider’s stock worth $5,313,000 after buying an additional 43,726 shares in the last quarter. Twin Capital Management Inc. grew its position in Robert Half by 38.7% during the fourth quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock worth $677,000 after buying an additional 2,148 shares during the period. Mackenzie Financial Corp increased its holdings in Robert Half by 34.0% in the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock valued at $4,683,000 after buying an additional 13,503 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Robert Half by 88.5% during the 3rd quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider’s stock valued at $2,048,000 after acquiring an additional 13,026 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.