Robert Half Inc. (NYSE:RHI) Receives $48.71 Average Target Price from Analysts

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $48.71.

Several equities analysts recently weighed in on the stock. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. BNP Paribas downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. The Goldman Sachs Group decreased their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Finally, BNP Paribas Exane lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a report on Friday, May 2nd.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Robert Half by 613.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares in the last quarter. Headlands Technologies LLC acquired a new position in Robert Half in the fourth quarter valued at approximately $26,000. Signaturefd LLC lifted its stake in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock valued at $31,000 after purchasing an additional 239 shares during the last quarter. Quarry LP boosted its stake in Robert Half by 540.8% during the first quarter. Quarry LP now owns 487 shares of the business services provider's stock worth $27,000 after buying an additional 411 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in Robert Half in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Trading Up 4.2%

Shares of NYSE:RHI traded up $1.73 on Tuesday, hitting $42.78. 3,258,112 shares of the company were exchanged, compared to its average volume of 1,370,385. The firm has a market capitalization of $4.37 billion, a P/E ratio of 21.39 and a beta of 1.05. Robert Half has a 1-year low of $39.61 and a 1-year high of $78.41. The stock's 50 day moving average price is $44.45 and its 200 day moving average price is $54.83.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business's revenue was down 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, equities analysts predict that Robert Half will post 2.48 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.52%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.