Robert Half Inc. (NYSE:RHI) Given Consensus Recommendation of "Hold" by Brokerages

Robert Half Inc. (NYSE:RHI - Get Free Report) has received a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $48.71.

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a report on Tuesday, April 15th. BNP Paribas downgraded Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a report on Thursday, April 24th. Finally, Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th.

Robert Half Stock Performance

NYSE RHI opened at $44.77 on Monday. The firm's 50 day moving average price is $49.68 and its 200-day moving average price is $62.14. Robert Half has a 52-week low of $40.00 and a 52-week high of $78.41. The company has a market cap of $4.57 billion, a PE ratio of 18.35 and a beta of 1.06.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company's revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. On average, analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.59 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 5.27%. Robert Half's dividend payout ratio is currently 118.00%.

Institutional Trading of Robert Half

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners increased its holdings in Robert Half by 17.5% in the 4th quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. increased its holdings in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after buying an additional 3,398,257 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Robert Half by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider's stock valued at $197,372,000 after purchasing an additional 184,592 shares during the period. Alliancebernstein L.P. lifted its position in Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider's stock valued at $226,740,000 after purchasing an additional 17,338 shares during the period. Finally, Fiduciary Management Inc. WI lifted its position in Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider's stock valued at $158,644,000 after purchasing an additional 300,524 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Company Profile

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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