Robert Half Inc. (NYSE:RHI) Receives Consensus Rating of "Hold" from Analysts

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given a consensus rating of "Hold" by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.67.

A number of equities analysts have weighed in on the stock. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price target for the company from $62.00 to $90.00 in a report on Friday. JPMorgan Chase & Co. reduced their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd.

Robert Half Stock Performance

Robert Half stock traded up $0.59 during trading on Friday, hitting $76.10. The company's stock had a trading volume of 1,003,077 shares, compared to its average volume of 1,351,168. The stock's fifty day moving average is $71.62 and its 200 day moving average is $66.41. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24.

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. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm posted $0.90 EPS. The company's revenue was down 6.3% on a year-over-year basis. On average, research analysts anticipate that Robert Half will post 2.45 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half's dividend payout ratio (DPR) is 77.37%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in shares of Robert Half by 27,895.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider's stock valued at $79,652,000 after acquiring an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock valued at $315,569,000 after purchasing an additional 1,049,005 shares in the last quarter. AQR Capital Management LLC increased its holdings in Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock worth $99,439,000 after purchasing an additional 786,031 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Robert Half in the 3rd quarter valued at approximately $41,096,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock valued at $104,218,000 after buying an additional 575,879 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

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.