Robert Half Inc. (NYSE:RHI) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts collectively rate Robert Half “Hold”: Three recommend selling, four advise holding, and three recommend buying. The average 12-month price target is $34.75.
• Institutional investors own 92.41% of the company, with major firms including BlackRock, AQR Capital Management, Pzena Investment Management, Capital World Investors, and State Street increasing or initiating positions.
• Robert Half reported quarterly earnings of $0.26 per share, matching estimates, while revenue of $1.34 billion exceeded expectations but fell 2.4% year over year. The company declared a $0.59 quarterly dividend, equivalent to a 5.2% annualized yield.

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given an average recommendation of "Hold" by the ten analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $34.75.

A number of brokerages have recently weighed in on RHI. Weiss Ratings upgraded Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Truist Financial boosted 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. BMO Capital Markets upgraded Robert Half from a "market perform" rating to an "outperform" rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Zacks Research raised Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, Robert W. Baird set a $47.00 target price on Robert Half in a research report on Monday, July 27th.

Institutional Trading of Robert Half

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Robert Half during the 2nd quarter valued at approximately $409,875,000. AQR Capital Management LLC lifted its stake in Robert Half by 24.8% in the third quarter. AQR Capital Management LLC now owns 7,738,454 shares of the business services provider's stock valued at $262,953,000 after purchasing an additional 1,537,245 shares during the last quarter. Pzena Investment Management LLC purchased a new position in shares of Robert Half during the 2nd quarter valued at $191,025,000. Capital World Investors raised its stake 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 acquiring an additional 1,561,146 shares during the period. Finally, State Street Corp raised its position in shares of Robert Half by 2.7% in the second quarter. State Street Corp now owns 4,873,440 shares of the business services provider's stock valued at $200,055,000 after purchasing an additional 127,322 shares during the period. Institutional investors own 92.41% of the company's stock.

Robert Half Price Performance

NYSE RHI opened at $45.34 on Monday. Robert Half has a 1 year low of $21.83 and a 1 year high of $46.70. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 39.43 and a beta of 0.79. The company has a fifty day moving average price of $38.47 and a 200-day moving average price of $30.69.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm earned $0.41 earnings per share. The firm's revenue was down 2.4% on a year-over-year basis. On average, research analysts anticipate that Robert Half will post 1.27 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, August 25th. This represents a $2.36 annualized dividend and a yield of 5.2%. Robert Half's dividend 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.

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