Brokerages Set Robert Half Inc. (NYSE:RHI) PT at $67.86

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $67.86.

RHI has been the subject of several analyst reports. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. reduced their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Truist Financial reduced their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, July 26th. BMO Capital Markets reduced their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. Finally, Barclays reduced their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th.

Robert Half Price Performance

Shares of RHI stock opened at $60.71 on Wednesday. The firm has a 50-day moving average of $62.81 and a 200-day moving average of $68.79. The company has a market cap of $6.37 billion, a P/E ratio of 18.18, a P/E/G ratio of 6.04 and a beta of 1.25. Robert Half has a one year low of $57.05 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, research analysts expect that Robert Half will post 2.52 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.49%. Robert Half’s dividend payout ratio is presently 63.47%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the transaction, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

A number of large investors have recently modified their holdings of the company. Capital World Investors boosted its position in shares of Robert Half by 6.7% in the fourth quarter. Capital World Investors now owns 14,574,944 shares of the business services provider’s stock valued at $1,281,429,000 after acquiring an additional 917,311 shares during the period. Vanguard Group Inc. boosted its position in shares of Robert Half by 3.0% in the first quarter. Vanguard Group Inc. now owns 12,795,282 shares of the business services provider’s stock valued at $1,014,410,000 after acquiring an additional 366,978 shares during the period. Boston Partners boosted its position in shares of Robert Half by 14.7% in the first quarter. Boston Partners now owns 3,749,749 shares of the business services provider’s stock valued at $296,963,000 after acquiring an additional 479,384 shares during the period. Mawer Investment Management Ltd. raised its stake in Robert Half by 105.4% in 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. Finally, Fiduciary Management Inc. WI raised its stake in Robert Half by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,944,057 shares of the business services provider’s stock valued at $170,921,000 after purchasing an additional 64,114 shares in the last quarter. 92.41% of the stock is currently 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.