Robert Half Inc. (NYSE:RHI) Receives $68.71 Consensus Target Price from Analysts

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given an average rating of "Hold" by the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $68.71.

Several equities research analysts have 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 for the company in a research note on Monday, April 22nd. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, July 5th. BNP Paribas upgraded 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. Finally, Robert W. Baird dropped their target price on Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research report on Friday, April 26th.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the company's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empirical Asset Management LLC grew its stake in Robert Half by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider's stock valued at $463,000 after acquiring an additional 134 shares during the period. Family Legacy Inc. grew its stake in Robert Half by 2.0% in the first quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider's stock valued at $569,000 after acquiring an additional 144 shares during the period. Venturi Wealth Management LLC grew its stake in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock valued at $37,000 after acquiring an additional 149 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Robert Half by 2.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider's stock valued at $569,000 after acquiring an additional 175 shares during the period. Finally, Tributary Capital Management LLC grew its stake in Robert Half by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 9,263 shares of the business services provider's stock valued at $814,000 after acquiring an additional 176 shares during the period. Institutional investors own 92.41% of the company's stock.

Robert Half Stock Up 3.3 %

RHI stock traded up $2.14 during midday trading on Tuesday, reaching $66.03. 1,103,718 shares of the company's stock traded hands, compared to its average volume of 1,491,933. The company has a 50-day simple moving average of $65.38 and a two-hundred day simple moving average of $73.64. Robert Half has a 1-year low of $60.66 and a 1-year high of $88.39. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 5.19 and a beta of 1.25.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same period last year, the firm posted $1.14 EPS. The business's revenue was down 14.0% on a year-over-year basis. Equities research analysts forecast that Robert Half will post 2.92 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a $0.53 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.21%. Robert Half's dividend payout ratio is presently 63.47%.

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.