Brokerages Set Robert Half Inc. (NYSE:RHI) Target Price at $74.33

Robert Half Inc. (NYSE:RHI) has been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $74.33.

RHI has been the topic of several recent analyst reports. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. dropped their target price 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, BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th.

Robert Half Stock Down 1.9 %

NYSE:RHI opened at $67.38 on Tuesday. The business’s 50-day moving average price is $72.82 and its 200 day moving average price is $67.29. Robert Half has a 52-week low of $57.05 and a 52-week high of $83.25. The firm has a market cap of $6.96 billion, a P/E ratio of 24.59 and a beta of 1.24.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company posted $0.90 EPS. Robert Half’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Robert Half will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 3.15%. Robert Half’s dividend payout ratio is currently 77.37%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several institutional investors and hedge funds have recently made changes to their positions in RHI. First Hawaiian Bank grew its stake in Robert Half by 24.9% in the fourth quarter. First Hawaiian Bank now owns 4,996 shares of the business services provider’s stock valued at $352,000 after acquiring an additional 996 shares during the period. Fulton Bank N.A. bought a new position in shares of Robert Half in the 4th quarter valued at about $274,000. GAMMA Investing LLC increased its position in Robert Half by 58.9% during the fourth quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider’s stock worth $76,000 after buying an additional 402 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Robert Half in the 3rd quarter valued at about $1,461,000. 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.