Brokerages Set Robert Half Inc. (NYSE:RHI) Price Target at $67.71

Shares of Robert Half Inc. (NYSE:RHI) have earned an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $67.71.

A number of brokerages have commented on RHI. JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday. Truist Financial reduced their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Barclays reduced their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, BMO Capital Markets decreased their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the transaction, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Hedge funds and other institutional investors have recently modified their holdings of the company. Mawer Investment Management Ltd. raised its stake in shares of Robert Half by 105.4% during the first quarter. Mawer Investment Management Ltd. now owns 3,655,626 shares of the business services provider’s stock valued at $289,818,000 after purchasing an additional 1,875,476 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after acquiring an additional 1,240,492 shares in the last quarter. AQR Capital Management LLC raised its position in Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after acquiring an additional 786,031 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Robert Half by 900.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 834,447 shares of the business services provider’s stock worth $66,155,000 after acquiring an additional 751,049 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after acquiring an additional 575,879 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 1.6 %

Shares of Robert Half stock opened at $67.68 on Thursday. Robert Half has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market capitalization of $7.10 billion, a P/E ratio of 20.26 and a beta of 1.23. The business’s fifty day moving average price is $64.98 and its 200 day moving average price is $65.54.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 earnings per share. As a group, sell-side analysts predict that Robert Half will post 2.51 EPS for the current year.

Robert Half Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

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.