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

Shares of Robert Half Inc. (NYSE:RHI) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has 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 12-month target price among brokers that have issued ratings on the stock in the last year is $69.00.

RHI has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. BMO Capital Markets cut their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Truist Financial lowered their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th.

Robert Half Stock Performance

Shares of Robert Half stock opened at $72.61 on Monday. Robert Half has a one year low of $57.05 and a one year high of $88.39. The company has a market cap of $7.50 billion, a P/E ratio of 26.50 and a beta of 1.23. The firm has a fifty day moving average of $68.62 and a two-hundred day moving average of $65.77.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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 EPS. As a group, equities analysts predict that Robert Half will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.92%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Institutional Investors Weigh In On Robert Half

Several large investors have recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in Robert Half by 671.3% during the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares during the period. iA Global Asset Management Inc. lifted its holdings in shares of Robert Half by 167.3% during the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after buying an additional 13,404 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Robert Half by 69.6% during the first quarter. Cetera Investment Advisers now owns 64,729 shares of the business services provider’s stock worth $5,132,000 after buying an additional 26,561 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the last quarter. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Robert Half by 9.2% during the second quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock worth $9,741,000 after buying an additional 12,772 shares during the last quarter. 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.