Robert Half Inc. (NYSE:RHI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Robert Half Inc. (NYSE:RHI - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $74.92.

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research note on Monday, February 10th. Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, StockNews.com raised shares of Robert Half from a "hold" rating to a "buy" rating in a research note on Thursday.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half in the fourth quarter worth approximately $26,000. Private Trust Co. NA grew its holdings in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares during the last quarter. Finally, GeoWealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth approximately $35,000. Institutional investors own 92.41% of the company's stock.

Robert Half Trading Up 0.9 %

Shares of Robert Half stock traded up $0.54 on Wednesday, reaching $58.99. The stock had a trading volume of 1,618,710 shares, compared to its average volume of 1,283,644. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25. The company has a market cap of $6.03 billion, a P/E ratio of 24.18 and a beta of 1.23. The business's 50 day moving average is $65.72 and its two-hundred day moving average is $67.47.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts anticipate that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be issued a $0.59 dividend. This is a boost from Robert Half's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

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.