Analysts Set Robert Half Inc. (NYSE:RHI) Price Target at $45.83

Key Points

• Robert Half Inc. has received an average analyst rating of "Hold", with one sell recommendation, four holds, and one buy from the six firms covering the stock.
• The company's quarterly earnings report showed an EPS of $0.41, exceeding estimates, but reflected a 7% decline in revenue compared to the same quarter last year.
• Robert Half has announced a dividend of $0.59 per share, resulting in an annual yield of 6.5%, with a high 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 brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $45.8333.

Several research analysts have issued reports on the company. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, July 24th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Robert Half during the 1st quarter valued at about $3,195,000. GAMMA Investing LLC lifted its position in shares of Robert Half by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock valued at $114,000 after buying an additional 1,007 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of Robert Half by 119.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider's stock valued at $2,556,000 after buying an additional 25,498 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Robert Half by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after buying an additional 3,248 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Robert Half by 80.4% during the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after buying an additional 650 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

NYSE RHI traded up $1.9150 during trading hours on Wednesday, hitting $37.8750. The company's stock had a trading volume of 2,026,472 shares, compared to its average volume of 1,872,713. Robert Half has a 12 month low of $33.18 and a 12 month high of $78.41. The company's 50 day simple moving average is $39.44 and its two-hundred day simple moving average is $46.79. The company has a market cap of $3.85 billion, a P/E ratio of 21.64 and a beta of 1.02.

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

Robert Half Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 25th. Robert Half's dividend payout ratio (DPR) is presently 134.86%.

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.