Robert Half Inc. (NYSE:RHI) Receives $69.00 Consensus Price Target from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research 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 objective among brokerages that have issued a report on the stock in the last year is $73.67.

Several equities research analysts have weighed in on RHI shares. JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.00 in a research note on Friday.

Robert Half Stock Performance

RHI opened at $76.10 on Friday. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The firm has a market cap of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24. The business’s fifty day moving average is $71.62 and its 200-day moving average is $66.42.

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

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is currently 77.37%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Robert Half

Large investors have recently modified their holdings of the company. Blue Trust Inc. boosted its position in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 323 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half during the 3rd quarter valued at about $27,000. Private Trust Co. NA increased its holdings in Robert Half by 79.7% in the third 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. Reston Wealth Management LLC acquired a new position in Robert Half in the third quarter valued at approximately $34,000. Finally, Family Firm Inc. bought a new stake in Robert Half in the second quarter valued at $45,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.