Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $64.92.

Several analysts recently issued reports on the stock. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research report on Monday, February 10th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Truist Financial cut their target price on Robert Half from $90.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Barclays dropped their price objective on shares of Robert Half from $80.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th.

Robert Half Stock Down 0.6 %

Shares of RHI stock opened at $48.03 on Thursday. The firm has a market cap of $4.91 billion, a PE ratio of 19.68 and a beta of 1.13. The company’s fifty day simple moving average is $54.75 and its 200-day simple moving average is $64.93. Robert Half has a 12 month low of $44.97 and a 12 month high of $78.41.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts predict that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.91%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, February 25th. Robert Half’s payout ratio is presently 96.72%.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider’s stock worth $25,000 after acquiring an additional 313 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Robert Half in the 4th quarter worth $26,000. Signaturefd LLC grew its stake in shares of Robert Half by 121.3% during the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 239 shares during the period. GeoWealth Management LLC bought a new position in Robert Half in the fourth quarter worth approximately $35,000. Finally, Eastern Bank purchased a new position in Robert Half during the fourth quarter valued at $35,000. Hedge funds and other institutional investors 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.