Robert Half Inc. (NYSE:RHI) Stock Has Average Price Target of $34.75 According to Analysts

Robert Half Inc. (NYSE:RHI) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $34.75.

Several analysts recently issued reports on the company. Weiss Ratings upgraded Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Robert W. Baird set a $47.00 target price on Robert Half in a report on Monday, July 27th. The Goldman Sachs Group boosted their target price on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. Finally, Truist Financial upped their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Robert Half during the 2nd quarter valued at $409,875,000. Pzena Investment Management LLC bought a new position in shares of Robert Half in the second quarter worth $191,025,000. Capital World Investors increased its position in shares of Robert Half by 36.0% in the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after purchasing an additional 1,561,146 shares during the period. Brickwood Asset Management LLP acquired a new position in Robert Half in the fourth quarter valued at about $34,908,000. Finally, Bank of America Corp DE acquired a new position in Robert Half in the second quarter valued at about $38,460,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Up 2.8%

Shares of RHI stock opened at $37.78 on Friday. The firm has a 50 day moving average price of $40.48 and a two-hundred day moving average price of $33.09. The company has a market capitalization of $3.87 billion, a PE ratio of 32.85 and a beta of 0.84. Robert Half has a 12-month low of $21.83 and a 12-month high of $46.70.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, July 23rd. The business services provider reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Robert Half had a return on equity of 9.18% and a net margin of 2.17%.The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, research analysts expect that Robert Half will post 1.27 EPS for the current year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a yield of 6.2%. Robert Half’s payout ratio is currently 205.22%.

About Robert Half

Robert Half Inc (NYSE: RHI) is a specialized staffing and professional services company that connects employers with skilled talent for temporary, contract-to-hire and permanent positions. Its staffing operations serve areas including accounting and finance, technology, legal, administrative and customer support, marketing, and creative services.

The company also provides consulting and project-based services through Protiviti, its global consulting subsidiary. Protiviti advises organizations on internal audit, risk and compliance, technology, cybersecurity, digital transformation, finance, and business performance.