Robert Half Inc. (NYSE:RHI) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Robert Half received a consensus “Hold” rating from 10 analysts: three recommended selling, four advised holding, and three recommended buying. The average 12-month price target is $34.75.
• Shares opened at $35.87, down 4%, with a market capitalization of $3.67 billion. The company reported quarterly EPS of $0.26, in line with estimates, while revenue of $1.34 billion exceeded expectations but declined 2.4% year over year.
• Robert Half declared a quarterly dividend of $0.59 per share, equivalent to $2.36 annually and a 6.6% yield; its payout ratio stands at 205.22%. Institutional investors own 92.41% of the company’s stock.

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given a consensus recommendation of "Hold" by the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.75.

A number of equities research analysts have weighed in on RHI shares. Robert W. Baird set a $47.00 target price on shares of Robert Half in a research note on Monday, July 27th. The Goldman Sachs Group raised their price target on Robert Half from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Friday, July 24th. Weiss Ratings raised Robert Half from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Zacks Research upgraded Robert Half from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, 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 report on Monday, July 27th.

Robert Half Stock Down 4.0%

Shares of NYSE RHI opened at $35.87 on Friday. The firm's 50-day moving average price is $40.85 and its 200-day moving average price is $32.60. The company has a market cap of $3.67 billion, a PE ratio of 31.19 and a beta of 0.81. Robert Half has a 52-week low of $21.83 and a 52-week high of $46.70.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $1.34 billion during 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 firm's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, equities research analysts anticipate that Robert Half will post 1.27 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 6.6%. Robert Half's dividend payout ratio is presently 205.22%.

Hedge Funds Weigh In On Robert Half

Institutional investors and hedge funds have recently made changes to their positions in the business. Basecamp Wealth Advisors LLC grew its position in Robert Half by 19.4% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider's stock worth $55,000 after purchasing an additional 351 shares during the last quarter. Altar Rock LLC raised its holdings in shares of Robert Half by 4.0% in the second quarter. Altar Rock LLC now owns 9,554 shares of the business services provider's stock valued at $293,000 after buying an additional 365 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Robert Half by 9.0% during the fourth quarter. IFP Advisors Inc now owns 6,845 shares of the business services provider's stock worth $186,000 after buying an additional 564 shares during the period. Larson Financial Group LLC boosted its stake in shares of Robert Half by 321.0% during the fourth quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider's stock worth $27,000 after buying an additional 764 shares during the period. Finally, HB Wealth Management LLC grew its holdings in shares of Robert Half by 11.4% during the first quarter. HB Wealth Management LLC now owns 8,344 shares of the business services provider's stock worth $212,000 after buying an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

About Robert Half

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.

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