Robert Half Inc. (NYSE:RHI) Stock Has Average Target Price of $34.75

Shares of Robert Half Inc. (NYSE:RHI) have received an average rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $34.75.

A number of research analysts have commented on the company. Robert W. Baird set a $47.00 price target on Robert Half in a research note on Monday, July 27th. Truist Financial lifted their price objective on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. BMO Capital Markets raised Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday, July 27th. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th.

Robert Half Trading Down 0.1%

Shares of RHI opened at $36.87 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of 32.06 and a beta of 0.81. Robert Half has a 12-month low of $21.83 and a 12-month high of $46.70. The company’s 50-day moving average price is $40.75 and its 200 day moving average price is $32.69.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. Robert Half’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Robert Half will post 1.27 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.4%. Robert Half’s dividend payout ratio is 205.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Robert Half during the 2nd quarter worth approximately $409,875,000. Pzena Investment Management LLC purchased a new position in Robert Half in the 2nd quarter valued at approximately $191,025,000. Capital World Investors boosted its position in Robert Half by 36.0% in 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 during the period. Quantinno Capital Management LP grew its stake in shares of Robert Half by 53.9% in the first quarter. Quantinno Capital Management LP now owns 2,498,071 shares of the business services provider’s stock worth $63,451,000 after acquiring an additional 875,179 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Robert Half by 13.0% in the fourth quarter. Geode Capital Management LLC now owns 2,396,148 shares of the business services provider’s stock worth $65,090,000 after acquiring an additional 275,004 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Company Profile

Robert Half (NYSE: RHI) is a global talent solutions and business consulting company. Through its staffing operations, the company connects employers with skilled professionals for temporary, temporary-to-hire and permanent positions, as well as project-based assignments.

Robert Half specializes in several professional fields, including accounting and finance, technology, legal, marketing and creative, and administrative and customer support services. Its offerings include recruitment, workforce management and talent placement solutions designed to support organizations with changing personnel needs.

The company also operates Protiviti, a wholly owned subsidiary that provides internal audit, risk and compliance, technology, business performance and other consulting services.