Brokerages Set Robert Half Inc. (NYSE:RHI) Target Price at $32.22

Robert Half Inc. (NYSE:RHI) has been assigned an average rating of “Reduce” from the nine analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.6250.

Several research analysts have issued reports on the company. Robert W. Baird set a $22.00 price objective on Robert Half in a report on Friday, December 5th. Truist Financial set a $35.00 target price on Robert Half in a research report on Friday, December 12th. BMO Capital Markets cut their price target on Robert Half from $36.00 to $31.00 and set a “market perform” rating on the stock in a research note on Thursday, October 23rd. Barclays lowered their price objective on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Finally, BNP Paribas Exane cut Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price objective for the company. in a report on Friday, December 5th.

Robert Half Trading Down 0.4%

Shares of NYSE RHI opened at $28.56 on Friday. Robert Half has a 1-year low of $25.22 and a 1-year high of $71.25. The company has a 50-day moving average of $27.55 and a two-hundred day moving average of $32.14. The company has a market cap of $2.89 billion, a PE ratio of 18.54 and a beta of 0.85.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Robert Half had a net margin of 2.85% and a return on equity of 11.76%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.64 earnings per share. Robert Half’s revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Robert Half will post 2.48 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, November 25th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Tuesday, November 25th. Robert Half’s payout ratio is 153.25%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 6,505 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $28.87, for a total value of $187,799.35. Following the transaction, the director directly owned 11,712 shares of the company’s stock, valued at approximately $338,125.44. This trade represents a 35.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Robert Half by 19.3% in the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Robert Half by 498.7% in the first quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Robert Half by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock worth $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC grew its position in shares of Robert Half by 91.8% during the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after buying an additional 26,672 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Robert Half by 4.4% during the 1st quarter. Voya Investment Management LLC now owns 20,260 shares of the business services provider’s stock worth $1,105,000 after buying an additional 850 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.