JPMorgan Chase & Co. Lowers Robert Half (NYSE:RHI) Price Target to $69.00

Robert Half (NYSE:RHI) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $70.00 to $69.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.36% from the stock’s current price.

A number of other analysts also recently issued reports on RHI. BMO Capital Markets lowered their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. StockNews.com cut shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays cut their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Finally, Truist Financial decreased their price objective on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $67.71.

Robert Half Stock Up 1.7 %

Shares of NYSE:RHI opened at $68.75 on Wednesday. The firm has a fifty day simple moving average of $64.86 and a two-hundred day simple moving average of $65.67. Robert Half has a 52 week low of $57.05 and a 52 week high of $88.39. The stock has a market capitalization of $7.21 billion, a P/E ratio of 20.58 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.90 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, analysts expect that Robert Half will post 2.51 earnings per share for the current year.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares during the period. BOKF NA increased its position in Robert Half by 2.1% during the 1st quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 216 shares during the period. Isthmus Partners LLC raised its holdings in shares of Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock valued at $453,000 after purchasing an additional 229 shares in the last quarter. Wahed Invest LLC lifted its position in shares of Robert Half by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock worth $158,000 after purchasing an additional 240 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Robert Half by 0.4% during the first quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider’s stock valued at $4,758,000 after purchasing an additional 266 shares in the last quarter. 92.41% of the stock is 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.