Robert Half Inc. (NYSE:RHI) Receives Average Recommendation of “Reduce” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have been assigned an average recommendation of “Reduce” from the ten research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $31.6250.

Several research firms have weighed in on RHI. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group boosted their price objective on shares of Robert Half from $23.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday. Finally, William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st.

Robert Half Stock Performance

RHI opened at $41.84 on Friday. The company has a fifty day moving average price of $30.83 and a two-hundred day moving average price of $27.98. Robert Half has a 52 week low of $21.83 and a 52 week high of $43.26. The firm has a market capitalization of $4.28 billion, a PE ratio of 32.18 and a beta of 0.82.

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

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.59 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 5.6%. Robert Half’s payout ratio is currently 181.54%.

Institutional Investors Weigh In On Robert Half

A number of hedge funds have recently modified their holdings of the business. Larson Financial Group LLC grew its position in shares of Robert Half by 321.0% in the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 764 shares during the period. Gilpin Wealth Management LLC acquired a new position in shares of Robert Half in the fourth quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Robert Half in the second quarter valued at approximately $34,000. Elevation Wealth Partners LLC increased its position in shares of Robert Half by 605.6% during the second quarter. Elevation Wealth Partners LLC now owns 1,136 shares of the business services provider’s stock worth $35,000 after acquiring an additional 975 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Robert Half by 94.3% during the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after acquiring an additional 664 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Company Profile

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.