Analysts Set Robert Half Inc. (NYSE:RHI) Price Target at $31.75

Robert Half Inc. (NYSE:RHI) has been assigned an average recommendation of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $31.6250.

RHI has been the topic of a number of recent research reports. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their price objective on Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 21st.

Institutional Trading of Robert Half

Institutional investors have recently modified their holdings of the business. Elevation Wealth Partners LLC boosted its holdings in Robert Half by 605.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after buying an additional 975 shares during the period. Assenagon Asset Management S.A. purchased a new position in Robert Half in the 2nd quarter valued at approximately $7,727,000. GAMMA Investing LLC raised its holdings in Robert Half by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 7,255 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 3,536 shares during the period. Versant Capital Management Inc raised its holdings in Robert Half by 45.5% during the 2nd quarter. Versant Capital Management Inc now owns 14,816 shares of the business services provider’s stock valued at $455,000 after acquiring an additional 4,630 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of Robert Half by 19.4% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after acquiring an additional 351 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Up 0.4%

NYSE:RHI opened at $35.72 on Friday. Robert Half has a 12 month low of $21.83 and a 12 month high of $43.28. The firm’s 50 day moving average is $30.04 and its 200 day moving average is $27.72. The stock has a market capitalization of $3.65 billion, a PE ratio of 27.47 and a beta of 0.82.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company earned $0.17 earnings per share. Robert Half’s revenue was down 3.8% compared to the same quarter last year. Research analysts predict that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 22nd were paid a $0.59 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a dividend yield of 6.6%. Robert Half’s dividend payout ratio (DPR) is presently 181.54%.

Robert Half Company Profile

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.