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

Key Points

• Robert Half Inc. has received a consensus rating of "Hold" from six analysts, with one sell, four hold, and one buy recommendation.
• The company reported earnings of $0.41 per share, exceeding estimates, although revenue was down 7% year-over-year at $1.37 billion.
• Robert Half declared a quarterly dividend of $0.59 per share, yielding 5.93%, with a dividend payout ratio of 134.86%.

Robert Half Inc. (NYSE:RHI - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $45.83.

Several equities research analysts have weighed in on the stock. Barclays cut their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. BNP Paribas Exane downgraded 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. Truist Financial set a $55.00 target price on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group dropped their target price on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research report on Friday, May 2nd.

Robert Half Price Performance

RHI stock opened at $39.80 on Friday. The stock has a market capitalization of $4.07 billion, a PE ratio of 22.74 and a beta of 1.00. Robert Half has a fifty-two week low of $38.90 and a fifty-two week high of $78.41. The company has a 50 day moving average price of $43.09 and a 200 day moving average price of $51.24.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.66 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts expect that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

Institutional Trading of Robert Half

A number of hedge funds have recently made changes to their positions in RHI. Teacher Retirement System of Texas raised its holdings in Robert Half by 41.1% in the 4th quarter. Teacher Retirement System of Texas now owns 27,668 shares of the business services provider's stock valued at $1,949,000 after acquiring an additional 8,056 shares during the period. American Century Companies Inc. grew its position in shares of Robert Half by 6.4% in the fourth quarter. American Century Companies Inc. now owns 197,696 shares of the business services provider's stock valued at $13,930,000 after purchasing an additional 11,854 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Robert Half during the 4th quarter worth approximately $1,754,000. LPL Financial LLC boosted its stake in Robert Half by 12.8% in the 4th quarter. LPL Financial LLC now owns 35,554 shares of the business services provider's stock valued at $2,505,000 after purchasing an additional 4,021 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Robert Half by 613.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after buying an additional 313 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.

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