Robert Half (NYSE:RHI) Rating Lowered to Hold at StockNews.com

Robert Half (NYSE:RHI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other brokerages also recently commented on RHI. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Tuesday, June 11th. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a report on Monday, April 22nd. Finally, Robert W. Baird reduced their target price on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.71.

Robert Half Price Performance

Robert Half stock opened at $63.66 on Friday. The firm has a market capitalization of $6.68 billion, a PE ratio of 19.06, a P/E/G ratio of 5.23 and a beta of 1.25. The company’s 50-day moving average is $66.41 and its 200-day moving average is $75.17. Robert Half has a fifty-two week low of $61.07 and a fifty-two week high of $88.39.

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

Insider Activity

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were 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 directly owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in RHI. Fidelis Capital Partners LLC acquired a new position in Robert Half during the 1st quarter worth approximately $26,000. Venturi Wealth Management LLC increased its position 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 worth $37,000 after purchasing an additional 149 shares in the last quarter. CoreFirst Bank & Trust increased its position in Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after purchasing an additional 440 shares in the last quarter. Orion Capital Management LLC acquired a new position in Robert Half during the 3rd quarter worth approximately $43,000. Finally, GAMMA Investing LLC acquired a new position in Robert Half during the 4th quarter worth approximately $46,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.

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.