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

Shares of Robert Half Inc. (NYSE:RHI) have been assigned an average rating of “Reduce” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.75.

A number of analysts recently issued reports on RHI shares. Weiss Ratings raised Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Robert W. Baird set a $47.00 target price on Robert Half in a report on Monday, July 27th. The Goldman Sachs Group boosted their price target on Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Finally, Truist Financial upped their price objective on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd.

Institutional Trading of Robert Half

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Robert Half in the second quarter valued at $34,000. Gilpin Wealth Management LLC bought a new position in shares of Robert Half in the 4th quarter valued at about $27,000. Larson Financial Group LLC increased its position in shares of Robert Half by 321.0% in the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares during the last quarter. Danske Bank A S bought a new stake in Robert Half during the third quarter worth about $37,000. Finally, Elevation Wealth Partners LLC boosted its position in 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 valued at $35,000 after purchasing an additional 975 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $42.45 on Thursday. Robert Half has a 52 week low of $21.83 and a 52 week high of $44.18. The company has a market capitalization of $4.35 billion, a PE ratio of 36.91 and a beta of 0.79. The company has a 50 day moving average price of $34.97 and a two-hundred day moving average price of $29.32.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, sell-side analysts forecast that Robert Half will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.6%. Robert Half’s payout ratio is presently 205.22%.

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.