Robert Half Inc. (NYSE:RHI) Receives Average Rating of “Hold” from Analysts

Shares of Robert Half Inc. (NYSE:RHI) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $73.67.

A number of research analysts recently issued reports on the stock. 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 report on Thursday. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, December 16th. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th.

Insider Activity at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. boosted its position in Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after buying an additional 225,210 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after buying an additional 303,421 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Robert Half by 32.7% during the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after buying an additional 151,261 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Up 0.5 %

NYSE:RHI opened at $64.92 on Friday. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25. The stock’s fifty day simple moving average is $71.39 and its 200-day simple moving average is $67.92. The firm has a market capitalization of $6.70 billion, a P/E ratio of 26.61 and a beta of 1.24.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 16.87% and a net margin of 4.34%. As a group, equities research analysts expect that Robert Half will post 2.8 earnings per share for the current year.

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.