Brokerages Set Robert Half Inc. (NYSE:RHI) Price Target at $31.75

Robert Half Inc. (NYSE:RHI) has been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.6250.

RHI has been the topic of several recent analyst reports. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lifted their price target on shares of Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday.

Institutional Investors Weigh In On Robert Half

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Robert Half by 19.3% during the 1st quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after purchasing an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Robert Half by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock worth $372,000 after buying an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Robert Half by 2.5% in the 1st 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 in the last quarter. Empowered Funds LLC boosted its position in Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock valued at $3,039,000 after buying an additional 26,672 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after acquiring an additional 3,937 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI opened at $41.30 on Friday. The business’s 50-day moving average is $30.53 and its two-hundred day moving average is $27.88. The company has a market capitalization of $4.22 billion, a P/E ratio of 31.77 and a beta of 0.82. Robert Half has a fifty-two week low of $21.83 and a fifty-two week high of $43.28.

Robert Half (NYSE:RHI) last released its earnings results on Thursday, April 23rd. The business services provider reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. Analysts forecast that Robert Half will post 1.29 EPS for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Friday, May 22nd. Robert Half’s payout ratio is presently 181.54%.

Robert Half Company Profile

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.