Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of “Reduce” by Analysts

Robert Half Inc. (NYSE:RHI) has been assigned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.75.

RHI has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Robert W. Baird set a $50.00 price objective on Robert Half in a research note on Friday, January 30th. William Blair raised Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, Zacks Research lowered Robert Half from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th.

Robert Half Trading Up 0.0%

Shares of NYSE RHI opened at $27.03 on Monday. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 20.79 and a beta of 0.80. Robert Half has a 12 month low of $21.83 and a 12 month high of $48.54. The stock has a 50-day moving average price of $24.97 and a two-hundred day moving average price of $26.89.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, sell-side analysts predict that Robert Half will post 1.36 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 issued a $0.59 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.36 annualized dividend and a yield of 8.7%. Robert Half’s dividend payout ratio (DPR) is 181.54%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Robert Half by 24.8% during the 3rd quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider’s stock valued at $262,953,000 after buying an additional 1,537,245 shares in the last quarter. Capital Research Global Investors grew its holdings in Robert Half by 0.3% during the 3rd quarter. Capital Research Global Investors now owns 5,971,698 shares of the business services provider’s stock valued at $202,918,000 after buying an additional 15,815 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Robert Half by 35.8% during 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 buying an additional 1,571,883 shares in the last quarter. Capital World Investors grew its holdings in Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after buying an additional 1,561,146 shares in the last quarter. Finally, State Street Corp grew its holdings in Robert Half by 2.7% during the 2nd quarter. State Street Corp now owns 4,873,440 shares of the business services provider’s stock valued at $200,055,000 after buying an additional 127,322 shares in the last quarter. Hedge funds and other 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.