Robert Half Inc. (RHI) – What Are Brokerages Saying About This Stock?

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.50.

Several equities analysts recently commented on the stock. 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. The Goldman Sachs Group lifted their price objective on shares of Robert Half from $29.00 to $33.00 and gave the stock a “sell” rating in a research note on Friday. Jefferies Financial Group reissued an “underperform” rating and issued a $33.00 price objective on shares of Robert Half in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Robert Half from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th.

Trending Headlines about Robert Half

Here are the key news stories impacting Robert Half this week:

• Positive Sentiment: Earnings beat expectations: Robert Half reported third-quarter revenue of $1.359 billion, broadly in line with estimates, while earnings per share rose to $0.49 from $0.43 a year earlier and exceeded the $0.47 consensus. Robert Half Reports Third-Quarter Financial Results
• Positive Sentiment: Talent Solutions returned to growth: Adjusted Talent Solutions revenue increased 2% year over year, its first increase since 2022. Permanent placement revenue grew 6%, while contract talent revenue increased 1%, suggesting staffing demand is stabilizing. Robert Half: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Improving demand and guidance: Management cited better hiring activity, stronger October trends in key staffing categories, and improving demand for risk and compliance consulting. Fourth-quarter guidance implies approximately 3% adjusted revenue growth and roughly 30% earnings growth at the midpoint. How Staffing Firm Robert Half Is Bucking a Stalling Job Market
• Positive Sentiment: Compliance opportunity: Recent regulatory enforcement and bank fines are creating a potentially lucrative pipeline for Robert Half’s risk and compliance consulting business. Management also said artificial intelligence is changing required skills rather than eliminating demand for staffing and consulting roles. Why Robert Half Stock Jumped More Than 20% Today
• Neutral Sentiment: Analyst reaction was supportive but cautious: JPMorgan raised its price target from $40 to $45 but maintained a “neutral” rating, while other brokerages reportedly lifted targets following the results. Robert Half Stock Rises as Analysts Lift Targets

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC grew its stake in Robert Half by 19.4% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after buying an additional 351 shares in the last quarter. Altar Rock LLC raised its position in shares of Robert Half by 4.0% in the 2nd quarter. Altar Rock LLC now owns 9,554 shares of the business services provider’s stock valued at $293,000 after buying an additional 365 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Robert Half by 35.4% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,538 shares of the business services provider’s stock worth $57,000 after acquiring an additional 402 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Robert Half by 8.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,865 shares of the business services provider’s stock worth $289,000 after acquiring an additional 610 shares during the period. Finally, Signaturefd LLC raised its position in Robert Half by 4.8% during the third quarter. Signaturefd LLC now owns 13,822 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 631 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Up 22.1%

RHI stock opened at $46.02 on Tuesday. Robert Half has a 1-year low of $21.83 and a 1-year high of $47.14. The business’s 50 day simple moving average is $38.81 and its 200 day simple moving average is $34.25. The firm has a market capitalization of $4.71 billion, a PE ratio of 38.04 and a beta of 0.84.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Robert Half had a net margin of 2.30% and a return on equity of 9.83%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Robert Half will post 1.28 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th were given a $0.59 dividend. The ex-dividend date was Tuesday, August 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.1%. Robert Half’s dividend payout ratio (DPR) is presently 195.04%.

About Robert Half

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.