Robert Half Inc. (NYSE:RHI) Receives $32.22 Average Price Target from Analysts

Robert Half Inc. (NYSE:RHI) has been assigned a consensus rating of “Reduce” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $30.6250.

RHI has been the topic of several recent research reports. Zacks Research downgraded Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 19th. Barclays dropped their target price on Robert Half from $45.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 23rd. Truist Financial set a $35.00 price target on Robert Half in a research report on Friday, December 12th. The Goldman Sachs Group decreased their price target on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Finally, UBS Group cut their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 6,505 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $28.87, for a total transaction of $187,799.35. Following the sale, the director owned 11,712 shares in the company, valued at approximately $338,125.44. This represents a 35.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its position in shares of Robert Half by 80.3% in the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock valued at $97,587,000 after acquiring an additional 1,058,569 shares during the period. Evergreen Capital Management LLC acquired a new stake in Robert Half in the 3rd quarter worth about $1,204,000. Russell Investments Group Ltd. boosted its holdings in Robert Half by 25.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 404,024 shares of the business services provider’s stock valued at $16,585,000 after purchasing an additional 82,645 shares during the period. Quadrature Capital Ltd grew its position in shares of Robert Half by 531.4% during the 2nd quarter. Quadrature Capital Ltd now owns 28,371 shares of the business services provider’s stock worth $1,165,000 after purchasing an additional 23,878 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Robert Half by 7.4% during the 2nd quarter. First Trust Advisors LP now owns 1,212,441 shares of the business services provider’s stock worth $49,771,000 after purchasing an additional 83,232 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Up 3.4%

Robert Half stock opened at $28.13 on Friday. The stock has a market capitalization of $2.85 billion, a PE ratio of 18.27 and a beta of 0.85. Robert Half has a twelve month low of $25.22 and a twelve month high of $71.44. The company has a 50 day moving average of $27.49 and a 200-day moving average of $32.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Robert Half had a net margin of 2.85% and a return on equity of 11.76%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. Equities analysts anticipate that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Tuesday, November 25th. Robert Half’s dividend payout ratio is currently 153.25%.

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.