Brokerages Set Robert Half Inc. (NYSE:RHI) Target Price at $48.71

Shares of Robert Half Inc. (NYSE:RHI) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $48.71.

A number of brokerages have recently issued reports on RHI. Barclays dropped their price target on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on Robert Half from $65.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Truist Financial set a $55.00 price target on Robert Half and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised Robert Half from a “sell” rating to a “hold” rating in a report on Friday, June 6th.

Robert Half Trading Down 0.4%

Robert Half stock opened at $42.85 on Tuesday. The stock has a 50 day moving average of $44.27 and a two-hundred day moving average of $54.45. Robert Half has a twelve month low of $39.61 and a twelve month high of $78.41. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.43 and a beta of 1.00.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $0.61 earnings per share. Robert Half’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half’s payout ratio is currently 118.00%.

Institutional Trading of Robert Half

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock worth $4,166,000 after buying an additional 3,248 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 258 shares in the last quarter. CX Institutional purchased a new position in Robert Half during the 1st quarter valued at about $33,000. HighTower Advisors LLC raised its position in Robert Half by 2.4% during the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider’s stock worth $2,601,000 after acquiring an additional 863 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Robert Half by 35.5% in the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 1,093 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other 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.