Robert Half (NYSE:RHI) Stock Rating Lowered by StockNews.com

Robert Half (NYSE:RHI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other research firms have also weighed in on RHI. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus price target of $74.92.

Robert Half Trading Down 1.9 %

Robert Half stock opened at $52.03 on Wednesday. The firm has a 50-day moving average of $63.14 and a 200-day moving average of $67.13. The firm has a market cap of $5.32 billion, a P/E ratio of 21.32 and a beta of 1.22. Robert Half has a 1-year low of $51.55 and a 1-year high of $81.85.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Research analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Robert Half

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Boston Partners increased its stake in shares of Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares in the last quarter. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Robert Half by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after acquiring an additional 148,577 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Robert Half by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock valued at $226,740,000 after acquiring an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its position in shares of Robert Half by 15.4% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock valued at $158,644,000 after acquiring an additional 300,524 shares in the last quarter. Institutional investors 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.