Analysts Set Robert Half Inc. (NYSE:RHI) Price Target at $74.92

Robert Half Inc. (NYSE:RHI) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $74.92.

A number of research firms have commented on RHI. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th.

Robert Half Trading Down 2.6 %

Shares of Robert Half stock opened at $53.45 on Friday. The business has a 50-day moving average price of $60.84 and a two-hundred day moving average price of $66.65. Robert Half has a 1-year low of $51.55 and a 1-year high of $79.77. The company has a market cap of $5.46 billion, a P/E ratio of 21.91 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts forecast that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 4.42%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s dividend payout ratio is currently 96.72%.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of 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 valued at $25,000 after acquiring an additional 313 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Robert Half during the 4th quarter valued at $26,000. Private Trust Co. NA increased its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Signaturefd LLC raised 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 worth $31,000 after purchasing an additional 239 shares during the period. Finally, GeoWealth Management LLC purchased a new position in shares of Robert Half in the 4th quarter worth about $35,000. 92.41% of the stock is owned by 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.