Robert Half Inc. (NYSE:RHI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $48.71.
Several equities analysts recently commented on the stock. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Finally, The Goldman Sachs Group cut their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th.
Check Out Our Latest Stock Analysis on RHI
Institutional Trading of Robert Half
Hedge funds have recently bought and sold shares of the stock. Kera Capital Partners Inc. acquired a new position in shares of Robert Half during the 2nd quarter worth approximately $244,000. Voya Investment Management LLC lifted its stake in Robert Half by 4.4% in the first quarter. Voya Investment Management LLC now owns 20,260 shares of the business services provider's stock valued at $1,105,000 after buying an additional 850 shares during the last quarter. First Hawaiian Bank lifted its position in Robert Half by 13.1% during the 1st quarter. First Hawaiian Bank now owns 5,650 shares of the business services provider's stock worth $308,000 after acquiring an additional 654 shares during the period. Bayforest Capital Ltd increased its position in Robert Half by 962.2% during the 1st quarter. Bayforest Capital Ltd now owns 4,525 shares of the business services provider's stock worth $247,000 after purchasing an additional 4,099 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Robert Half by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 536,429 shares of the business services provider's stock worth $29,262,000 after purchasing an additional 48,095 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.
Robert Half Trading Down 0.4%
Shares of NYSE:RHI traded down $0.18 during trading on Tuesday, hitting $42.85. 915,157 shares of the company's stock traded hands, compared to its average volume of 1,381,034. Robert Half has a 52 week low of $39.61 and a 52 week high of $78.41. The company has a 50-day moving average price of $44.25 and a 200-day moving average price of $54.23. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 21.43 and a beta of 1.00.
Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts predict that Robert Half will post 2.48 earnings per share for the current fiscal year.
Robert Half Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is 118.00%.
About Robert Half
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Get Free ReportRobert 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.
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