Brokerages Set Robert Half Inc. (NYSE:RHI) PT at $67.86

Shares of Robert Half Inc. (NYSE:RHI) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $67.86.

A number of analysts have recently commented on the stock. Barclays cut their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. BMO Capital Markets cut their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Truist Financial cut their target price on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now directly owns 13,342 shares in the company, valued at approximately $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robert Half

Several institutional investors and hedge funds have recently bought and sold shares of RHI. Capital World Investors lifted its holdings in shares of Robert Half by 6.7% in the 4th quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock worth $1,281,429,000 after acquiring an additional 917,311 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Robert Half by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock worth $1,014,410,000 after acquiring an additional 366,978 shares during the last quarter. Boston Partners lifted its holdings in shares of Robert Half by 14.7% in the 1st quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock worth $296,963,000 after acquiring an additional 479,384 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 105.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock worth $289,818,000 after acquiring an additional 1,875,476 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its holdings in shares of Robert Half by 3.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock worth $170,921,000 after acquiring an additional 64,114 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Performance

RHI opened at $66.95 on Friday. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The company has a fifty day moving average of $63.06 and a two-hundred day moving average of $66.91. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 20.04 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. On average, equities research analysts forecast that Robert Half will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.17%. Robert Half’s payout ratio is presently 63.47%.

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.