Robert Half Inc. (NYSE:RHI) Given Average Recommendation of “Hold” by Analysts

Robert Half Inc. (NYSE:RHI) has received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $67.86.

RHI has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Tuesday, June 11th. Barclays cut their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lowered their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th.

Robert Half Stock Up 0.2 %

Shares of NYSE:RHI opened at $66.62 on Friday. The firm has a market cap of $6.99 billion, a P/E ratio of 19.95 and a beta of 1.23. Robert Half has a 12-month low of $57.05 and a 12-month high of $88.39. The business has a fifty day simple moving average of $63.36 and a 200 day simple moving average of $66.66.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the business earned $1.00 earnings per share. Robert Half’s revenue was down 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Robert Half will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.18%. Robert Half’s payout ratio is currently 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, the director now directly owns 13,342 shares of the company’s stock, valued at $841,746.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mawer Investment Management Ltd. boosted its stake in Robert Half by 105.4% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after purchasing an additional 1,875,476 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock valued at $79,652,000 after purchasing an additional 1,240,492 shares in the last quarter. Capital World Investors lifted its holdings in shares of Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after purchasing an additional 917,311 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Robert Half by 101.0% during the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after buying an additional 786,031 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Robert Half by 900.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock worth $66,155,000 after buying an additional 751,049 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

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.