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

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $74.33.

Several research analysts have recently commented on the company. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a report on Monday, December 16th.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Robert Half

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in Robert Half by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,006 shares of the business services provider’s stock worth $4,449,000 after acquiring an additional 392 shares in the last quarter. First Hawaiian Bank increased its holdings in shares of Robert Half by 24.9% in the 4th quarter. First Hawaiian Bank now owns 4,996 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 996 shares in the last quarter. Fulton Bank N.A. acquired a new stake in shares of Robert Half in the fourth quarter valued at about $274,000. GAMMA Investing LLC boosted its holdings in Robert Half by 58.9% during the fourth quarter. GAMMA Investing LLC now owns 1,084 shares of the business services provider’s stock worth $76,000 after buying an additional 402 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock worth $18,232,000 after buying an additional 46,100 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Trading Down 2.7 %

Shares of RHI opened at $65.63 on Tuesday. The company’s 50-day moving average price is $72.77 and its 200 day moving average price is $67.32. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25. The firm has a market cap of $6.78 billion, a P/E ratio of 23.95 and a beta of 1.24.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. Equities research analysts forecast that Robert Half will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

About Robert Half

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.