Robert Half Inc. (NYSE:RHI) Receives $34.75 Average PT from Brokerages

Robert Half Inc. (NYSE:RHI) has been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.75.

RHI has been the topic of several analyst reports. Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings raised Robert Half from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 27th. Robert W. Baird set a $47.00 target price on shares of Robert Half in a report on Monday, July 27th. Finally, The Goldman Sachs Group increased their target price on shares of Robert Half from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Friday, July 24th.

Institutional Trading of Robert Half

Several institutional investors and hedge funds have recently modified their holdings of RHI. Assenagon Asset Management S.A. bought a new stake in Robert Half during the second quarter valued at about $7,727,000. Crescent Grove Advisors LLC purchased a new position in shares of Robert Half in the first quarter valued at about $497,000. California State Teachers Retirement System boosted its stake in shares of Robert Half by 25.0% in the first quarter. California State Teachers Retirement System now owns 119,848 shares of the business services provider’s stock worth $3,044,000 after acquiring an additional 23,994 shares during the period. Cornerstone Capital Inc. bought a new position in shares of Robert Half in the second quarter worth about $8,136,000. Finally, First Trust Advisors LP boosted its stake in shares of Robert Half by 281.2% in the first quarter. First Trust Advisors LP now owns 1,333,720 shares of the business services provider’s stock worth $33,876,000 after acquiring an additional 983,842 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Down 1.4%

Shares of NYSE:RHI opened at $42.92 on Monday. The stock has a market capitalization of $4.39 billion, a PE ratio of 37.32 and a beta of 0.81. The firm’s 50 day moving average price is $39.33 and its 200-day moving average price is $31.04. Robert Half has a twelve month low of $21.83 and a twelve month high of $46.70.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts expect that Robert Half will post 1.27 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 Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Tuesday, August 25th. Robert Half’s dividend payout ratio is presently 205.22%.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.