Brokerages Set Robert Half Inc. (NYSE:RHI) Target Price at $34.75

Robert Half Inc. (NYSE:RHI) has received a consensus recommendation of “Reduce” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.75.

Several equities analysts recently issued reports on RHI shares. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Truist Financial raised their price objective on shares of Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their target price on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Friday, July 24th. Finally, BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Monday, July 27th.

Institutional Trading of Robert Half

Several large investors have recently made changes to their positions in RHI. Larson Financial Group LLC raised its holdings in shares of Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after buying an additional 764 shares during the last quarter. Gilpin Wealth Management LLC bought a new stake in Robert Half during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Robert Half during the 2nd quarter worth about $34,000. Elevation Wealth Partners LLC increased its position in Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Robert Half by 94.3% in the 4th quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 664 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Robert Half stock opened at $42.63 on Thursday. The stock has a fifty day moving average price of $34.74 and a two-hundred day moving average price of $29.21. Robert Half has a 52-week low of $21.83 and a 52-week high of $44.18. The firm has a market capitalization of $4.36 billion, a P/E ratio of 37.07 and a beta of 0.79.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts predict that Robert Half will post 1.29 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.5%. Robert Half’s payout ratio is presently 205.22%.

About Robert Half

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.