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

Shares of Robert Half Inc. (NYSE:RHI) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $73.67.

RHI has been the topic of a number of recent analyst reports. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd.

Robert Half Stock Down 2.3 %

Shares of NYSE:RHI opened at $59.30 on Friday. The company has a 50-day moving average price of $70.38 and a 200 day moving average price of $67.81. Robert Half has a 52 week low of $57.05 and a 52 week high of $83.25. The company has a market cap of $6.12 billion, a P/E ratio of 24.30 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly 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 net margin of 4.34% and a return on equity of 17.20%. Analysts expect that Robert Half will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 value of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mawer Investment Management Ltd. boosted its holdings in shares of 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 worth $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Robert Half during the third quarter worth about $41,096,000. Janus Henderson Group PLC boosted its stake in Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after buying an additional 413,664 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Robert Half by 41.9% in the 3rd 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 during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Robert Half by 20.1% during 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 acquiring an additional 225,210 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other 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.