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

Shares of Robert Half Inc. (NYSE:RHI) have been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $74.33.

Several brokerages recently issued reports on RHI. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd.

Robert Half Stock Up 2.2 %

Shares of Robert Half stock opened at $66.90 on Tuesday. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25. The business’s 50 day moving average is $72.77 and its 200-day moving average is $67.35. The stock has a market cap of $6.91 billion, a P/E ratio of 24.42 and a beta of 1.24.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Robert Half

Several large investors have recently made changes to their positions in RHI. V Square Quantitative Management LLC acquired a new position in Robert Half during the third quarter valued at approximately $27,000. Private Trust Co. NA boosted its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Robert Half in the 3rd quarter valued at $34,000. Eastern Bank acquired a new position in shares of Robert Half during the 4th quarter worth $35,000. Finally, GAMMA Investing LLC lifted its position in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds 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.