Analysts Set Robert Half Inc. (NYSE:RHI) PT at $67.71

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $67.71.

Several research analysts have weighed in on RHI shares. StockNews.com downgraded Robert Half from a "buy" rating to a "hold" rating in a report on Friday, July 5th. Truist Financial reduced their target price on Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Barclays dropped their price objective on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, July 26th. BMO Capital Markets decreased their target price on shares of Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company's stock in a transaction dated 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 sale, the director now owns 13,342 shares of the company's stock, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in Robert Half in the first quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after acquiring an additional 323 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half during the 2nd quarter valued at approximately $35,000. Finally, GAMMA Investing LLC lifted its stake in Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after purchasing an additional 179 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Up 1.7 %

Shares of RHI traded up $1.18 during trading hours on Thursday, reaching $68.75. The company had a trading volume of 1,263,460 shares, compared to its average volume of 1,423,528. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The firm has a 50 day simple moving average of $64.71 and a 200-day simple moving average of $65.65. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 20.38 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. Robert Half's revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Robert Half will post 2.51 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.08%. Robert Half's dividend payout ratio is currently 63.47%.

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.