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

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given an average recommendation of "Hold" by the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $48.71.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RHI. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares during the period. Headlands Technologies LLC acquired a new position in Robert Half during the fourth quarter worth $26,000. Quarry LP grew its holdings 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 acquiring an additional 411 shares during the period. Signaturefd LLC raised its position in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after acquiring an additional 239 shares in the last quarter. Finally, CX Institutional acquired a new stake in Robert Half in the first quarter valued at $33,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Down 2.4%

RHI stock opened at $43.55 on Friday. The stock has a market cap of $4.45 billion, a P/E ratio of 17.85 and a beta of 1.06. Robert Half has a twelve month low of $40.00 and a twelve month high of $78.41. The company's 50 day moving average is $46.71 and its two-hundred day moving average is $58.87.

Robert Half (NYSE:RHI - Get Free Report) last announced 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). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. The company 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 business earned $0.61 earnings per share. Robert Half's revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 5.42%. The ex-dividend date is Friday, May 23rd. Robert Half's payout ratio is 118.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.