Analysts Set Robert Half Inc. (NYSE:RHI) Target Price at $68.71

Robert Half Inc. (NYSE:RHI) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.71.

Several equities research analysts recently commented on RHI shares. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research note on Monday, April 22nd. Robert W. Baird dropped their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Tuesday, June 11th.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $63.51 on Friday. The firm has a market capitalization of $6.66 billion, a P/E ratio of 19.01, a P/E/G ratio of 5.26 and a beta of 1.25. The stock has a 50 day moving average price of $67.13 and a 200-day moving average price of $75.91. Robert Half has a 52-week low of $61.07 and a 52-week high of $88.39.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. On average, equities analysts forecast that Robert Half will post 2.92 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a $0.53 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.34%. Robert Half’s payout ratio is currently 63.47%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the transaction, the director now owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Large investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC purchased a new stake in Robert Half in the first quarter worth approximately $26,000. Venturi Wealth Management LLC grew its holdings in shares of Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the period. GAMMA Investing LLC bought a new stake in shares of Robert Half in the fourth quarter worth $46,000. CoreFirst Bank & Trust lifted its holdings in Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares during the period. Finally, Orion Capital Management LLC purchased a new position in Robert Half in the third quarter worth about $43,000. 92.41% of the stock is currently owned by institutional investors.

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.