Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Robert Half Inc. (NYSE:RHI) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $74.92.

A number of equities analysts have commented on RHI shares. 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 note on Monday, February 10th. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th.

Robert Half Trading Down 2.4 %

Shares of RHI stock opened at $55.04 on Wednesday. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 22.56 and a beta of 1.23. Robert Half has a 12-month low of $54.91 and a 12-month high of $81.86. The stock’s 50-day moving average price is $65.43 and its 200-day moving average price is $67.53.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, research analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is 96.72%.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of RHI. Exchange Traded Concepts LLC grew its position in Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 166 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after purchasing an additional 183 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of 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 during the last quarter. Nisa Investment Advisors LLC increased its stake in Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after buying an additional 205 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in Robert Half by 11.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,155 shares of the business services provider’s stock valued at $152,000 after buying an additional 218 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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.