Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Reduce” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received an average recommendation of “Reduce” from the nine analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $31.75.

Several equities analysts recently weighed in on the stock. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research note on Friday, January 30th. BMO Capital Markets dropped their price target on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. The Goldman Sachs Group increased their price target on shares of Robert Half from $24.00 to $27.00 and gave the company a “sell” rating in a research note on Tuesday, February 3rd. Finally, Truist Financial boosted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th.

Robert Half Stock Performance

Shares of NYSE RHI opened at $24.71 on Thursday. The stock has a 50 day moving average price of $25.96 and a 200 day moving average price of $28.07. Robert Half has a 52 week low of $21.83 and a 52 week high of $55.24. The stock has a market capitalization of $2.50 billion, a PE ratio of 18.58 and a beta of 0.85.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. Robert Half had a return on equity of 10.26% and a net margin of 2.47%.The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts forecast that Robert Half will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Wednesday, February 25th were issued a dividend of $0.59 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 9.6%. Robert Half’s dividend payout ratio (DPR) is presently 177.44%.

Hedge Funds Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its holdings in shares of Robert Half by 190.5% during the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock worth $254,560,000 after acquiring an additional 4,066,328 shares during the last quarter. Capital World Investors lifted its holdings in Robert Half by 460.5% during the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares during the last quarter. Brickwood Asset Management LLP acquired a new stake in Robert Half during the 4th quarter valued at $34,908,000. Norges Bank bought a new position in Robert Half during the fourth quarter worth $33,832,000. Finally, Pzena Investment Management LLC boosted its position in Robert Half by 38.2% during the fourth quarter. Pzena Investment Management LLC now owns 4,394,851 shares of the business services provider’s stock worth $119,364,000 after purchasing an additional 1,214,883 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.