Robert Half Inc. (NYSE:RHI) Receives Average Rating of "Hold" from Brokerages

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $74.33.

Several brokerages have issued reports on RHI. JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and boosted their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, BNP Paribas downgraded shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target on the stock. in a research report on Monday, December 16th.

Robert Half Stock Performance

Shares of RHI stock traded down $0.58 during mid-day trading on Tuesday, reaching $68.87. 1,001,377 shares of the company were exchanged, compared to its average volume of 909,144. The business's 50 day simple moving average is $72.86 and its 200 day simple moving average is $67.29. The company has a market capitalization of $7.11 billion, a P/E ratio of 25.14 and a beta of 1.24. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $83.59.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. On average, analysts forecast that Robert Half will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were given a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 3.08%. Robert Half's dividend payout ratio is currently 77.37%.

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position in Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider's stock valued at $79,652,000 after buying an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock valued at $315,569,000 after acquiring an additional 1,049,005 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock valued at $99,439,000 after acquiring an additional 786,031 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Robert Half during the third quarter valued at approximately $41,096,000. Finally, Pacer Advisors Inc. lifted its position in Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock worth $104,218,000 after purchasing an additional 575,879 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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.