Robert Half Inc. (NYSE:RHI) Receives Average Recommendation of "Hold" from Analysts

Robert Half Inc. (NYSE:RHI - Get Free Report) has received a consensus recommendation of "Hold" from the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.00.

Several brokerages have weighed in on RHI. JPMorgan Chase & Co. dropped their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, July 26th. BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a research note on Thursday, July 25th. Finally, Truist Financial decreased their price objective on Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a research note on Friday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHI. Blue Trust Inc. lifted its holdings in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock valued at $25,000 after purchasing an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Robert Half in the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after buying an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the third quarter valued at approximately $34,000. Finally, Versant Capital Management Inc bought a new stake in shares of Robert Half during the second quarter worth $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

Shares of RHI stock traded down $0.07 during trading hours on Monday, hitting $73.35. 835,399 shares of the company's stock were exchanged, compared to its average volume of 1,393,588. The stock's 50-day moving average is $68.00 and its 200-day moving average is $65.69. Robert Half has a 52 week low of $57.05 and a 52 week high of $88.39. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 26.77 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last posted 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. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Equities research analysts forecast that Robert Half will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's payout ratio is presently 77.37%.

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.