Robert Half Inc. (NYSE:RHI) Given Average Recommendation of "Moderate Buy" by Brokerages

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $74.92.

A number of equities analysts have recently commented on the stock. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a report on Monday, February 10th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Finally, Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and upped their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th.

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Robert Half Trading Up 1.0 %

Shares of RHI stock traded up $0.53 on Friday, hitting $53.96. 769,109 shares of the stock were exchanged, compared to its average volume of 1,444,131. The firm has a market capitalization of $5.51 billion, a P/E ratio of 22.11 and a beta of 1.22. Robert Half has a fifty-two week low of $51.55 and a fifty-two week high of $79.77. The business has a 50-day moving average of $60.53 and a 200 day moving average of $66.60.

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

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were issued a dividend of $0.59 per share. This is a boost from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 25th. Robert Half's dividend payout ratio (DPR) is presently 96.72%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 valued at $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Robert Half during the 4th quarter worth approximately $26,000. Private Trust Co. NA grew its position in shares of Robert Half by 79.7% during the 3rd 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 in the last quarter. Signaturefd LLC increased its holdings in shares of Robert Half by 121.3% during 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 period. Finally, Eastern Bank acquired a new stake in shares of Robert Half in the fourth quarter valued at approximately $35,000. Institutional investors own 92.41% of the company's stock.

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.