Robert Half Inc. (NYSE:RHI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.75.

Several analysts have recently weighed in on the stock. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. BMO Capital Markets upgraded 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. The Goldman Sachs Group upped their price target on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Friday, July 24th. Finally, Truist Financial increased 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.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Larson Financial Group LLC grew its stake in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock worth $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of Robert Half in the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half in the second quarter valued at about $34,000. Elevation Wealth Partners LLC boosted its holdings in Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after purchasing an additional 975 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Robert Half by 94.3% in the fourth 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 during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Down 1.2%

NYSE:RHI opened at $42.49 on Monday. The firm has a market capitalization of $4.35 billion, a PE ratio of 36.95 and a beta of 0.81. Robert Half has a 12-month low of $21.83 and a 12-month high of $46.70. The firm has a 50-day moving average price of $39.78 and a 200 day moving average price of $31.25.

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

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend 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.