Robert Half Inc. (NYSE:RHI) Receives $64.92 Average PT from Brokerages

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $64.92.

Several equities research analysts recently weighed in on the company. Barclays dropped their price target on Robert Half from $80.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Truist Financial lowered their price target on Robert Half from $90.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 price objective for the company in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday.

Robert Half Price Performance

Shares of Robert Half stock traded down $2.57 during trading hours on Thursday, reaching $45.40. The company had a trading volume of 2,995,106 shares, compared to its average volume of 1,448,735. The business has a fifty day simple moving average of $54.25 and a 200 day simple moving average of $64.66. Robert Half has a one year low of $44.97 and a one year high of $78.41. The firm has a market cap of $4.63 billion, a PE ratio of 18.61 and a beta of 1.13.

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

Robert Half Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Tuesday, February 25th. This is an increase from Robert Half's previous quarterly dividend of $0.53. Robert Half's payout ratio is presently 96.72%.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently bought and sold shares of the business. Orion Portfolio Solutions LLC acquired a new stake in Robert Half during the third quarter worth about $263,000. MML Investors Services LLC acquired a new position in shares of Robert Half during the third quarter worth about $225,000. Barclays PLC raised its stake in Robert Half by 131.6% in the third quarter. Barclays PLC now owns 344,233 shares of the business services provider's stock valued at $23,205,000 after buying an additional 195,570 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider's stock valued at $432,000 after buying an additional 227 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Robert Half by 56.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider's stock valued at $591,000 after purchasing an additional 2,869 shares during the last quarter. Hedge funds and other 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.