Robert Half Inc. (NYSE:RHI) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts rate Robert Half “Hold” on average: Of 10 covering firms, three recommend selling, four recommend holding, and three recommend buying. The average 12-month price target is $34.75.
• Recent results showed mixed performance: Robert Half met quarterly earnings expectations at $0.26 per share and exceeded revenue estimates with $1.34 billion, but revenue declined 2.4% year over year.
• The stock offers a high dividend yield but elevated payout ratio: Shares opened at $32.86, while the company’s $0.59 quarterly dividend equates to a 7.2% annualized yield and a 205.22% payout ratio. Institutional investors own 92.41% of the stock.

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given 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.

RHI has been the subject of several recent analyst reports. Zacks Research raised shares of Robert Half from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of Robert Half from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 9th. Truist Financial increased their target price on shares of Robert Half from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Robert W. Baird set a $47.00 price target on shares of Robert Half in a report on Monday, July 27th. Finally, The Goldman Sachs Group raised their price target on shares of Robert Half from $26.00 to $29.00 and gave the company a "sell" rating in a report on Friday, July 24th.

Robert Half Stock Down 1.4%

Shares of NYSE RHI opened at $32.86 on Tuesday. The company has a market cap of $3.36 billion, a P/E ratio of 28.57 and a beta of 0.84. Robert Half has a 52 week low of $21.83 and a 52 week high of $46.70. The business has a 50-day simple moving average of $39.18 and a two-hundred day simple moving average of $33.95.

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

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $2.36 annualized dividend and a dividend yield of 7.2%. Robert Half's dividend payout ratio is presently 205.22%.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently made changes to their positions in RHI. BlackRock Inc. bought a new position in shares of Robert Half during the 2nd quarter valued at about $409,875,000. Pzena Investment Management LLC purchased a new position in shares of Robert Half during the 2nd quarter valued at about $191,025,000. Quantinno Capital Management LP raised its holdings in shares of Robert Half by 53.9% during the 1st quarter. Quantinno Capital Management LP now owns 2,498,071 shares of the business services provider's stock valued at $63,451,000 after buying an additional 875,179 shares in the last quarter. Hawk Ridge Capital Management LP raised its holdings in shares of Robert Half by 134.2% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,785,400 shares of the business services provider's stock valued at $45,349,000 after buying an additional 1,023,000 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Robert Half by 281.2% in the 1st quarter. First Trust Advisors LP now owns 1,333,720 shares of the business services provider's stock worth $33,876,000 after buying an additional 983,842 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Robert Half Company Profile

Robert Half Inc NYSE: RHI is a specialized staffing and professional services company that connects employers with skilled talent for temporary, contract-to-hire and permanent positions. Its staffing operations serve areas including accounting and finance, technology, legal, administrative and customer support, marketing, and creative services.

The company also provides consulting and project-based services through Protiviti, its global consulting subsidiary. Protiviti advises organizations on internal audit, risk and compliance, technology, cybersecurity, digital transformation, finance, and business performance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.