Robert Half (NYSE:RHI) Upgraded by BNP Paribas to “Outperform” Rating

BNP Paribas upgraded shares of Robert Half (NYSE:RHI) from an underperform rating to an outperform rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have $71.50 price objective on the business services provider’s stock.

RHI has been the subject of a number of other reports. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Performance

NYSE:RHI opened at $59.38 on Monday. The company’s 50-day simple moving average is $69.77 and its 200-day simple moving average is $67.80. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The stock has a market capitalization of $6.13 billion, a P/E ratio of 24.34 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, research analysts forecast that Robert Half will post 2.53 EPS for the current year.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in RHI. Exchange Traded Concepts LLC grew its position in Robert Half by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after buying an additional 166 shares during the period. GAMMA Investing LLC boosted its stake in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after acquiring an additional 179 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 183 shares during the period. Private Trust Co. NA grew its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Robert Half by 0.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock valued at $2,164,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Company Profile

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.