Robert Half Inc. (NYSE:RHI) Receives $31.75 Average Price Target from Analysts

Robert Half Inc. (NYSE:RHI) has earned a consensus recommendation of “Reduce” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.75.

Several research analysts have issued reports on RHI shares. JPMorgan Chase & Co. increased their target price on shares of Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Zacks Research downgraded shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. BMO Capital Markets reduced their price objective on shares of Robert Half from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Tuesday, February 17th. Truist Financial boosted their price objective on shares of Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings lowered shares of Robert Half from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd.

Robert Half Trading Up 4.9%

NYSE RHI opened at $28.45 on Friday. The company’s 50-day moving average price is $25.94 and its 200-day moving average price is $26.63. The stock has a market cap of $2.91 billion, a PE ratio of 21.88 and a beta of 0.80. Robert Half has a 12 month low of $21.83 and a 12 month high of $46.69.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, sell-side analysts forecast that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Friday, May 22nd. Robert Half’s payout ratio is 181.54%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Robert Half by 190.5% in the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after purchasing an additional 4,066,328 shares during the last quarter. Capital World Investors raised its position in shares of Robert Half by 460.5% in the 3rd quarter. Capital World Investors now owns 4,341,133 shares of the business services provider’s stock valued at $147,512,000 after purchasing an additional 3,566,645 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Robert Half by 35.8% in the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock valued at $151,555,000 after purchasing an additional 1,571,883 shares during the last quarter. Brickwood Asset Management LLP purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $34,908,000. Finally, Norges Bank purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $33,832,000. Institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.