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

Shares of Robert Half Inc. (NYSE:RHI) have earned a consensus recommendation of “Reduce” from the five analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $68.57.

RHI has been the topic of several recent analyst reports. BMO Capital Markets decreased their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Truist Financial lifted their target price on Robert Half from $66.00 to $72.00 and gave the company a “sell” rating in a research note on Thursday, January 25th.

Insiders Place Their Bets

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of Robert Half

Large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Robert Half during the 4th quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new stake in Robert Half during the 4th quarter valued at $27,000. Salem Investment Counselors Inc. purchased a new stake in Robert Half during the 2nd quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Robert Half during the 4th quarter valued at $28,000. Finally, Venturi Wealth Management LLC raised its holdings in Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 0.3 %

RHI stock opened at $73.16 on Friday. Robert Half has a twelve month low of $64.65 and a twelve month high of $88.39. The stock has a market cap of $7.69 billion, a P/E ratio of 18.90, a PEG ratio of 18.84 and a beta of 1.26. The business’s 50-day moving average price is $79.20 and its 200-day moving average price is $79.61.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. On average, equities research analysts expect that Robert Half will post 3.34 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a $0.53 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.90%. Robert Half’s payout ratio is presently 54.78%.

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.