Robert Half (NYSE:RHI) Price Target Lowered to $79.00 at Robert W. Baird

Robert Half (NYSE:RHI) had its target price lowered by investment analysts at Robert W. Baird from $84.00 to $79.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 11.90% from the company’s previous close.

RHI has been the topic of several other research reports. BMO Capital Markets cut their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.14.

Robert Half Price Performance

Shares of NYSE RHI opened at $70.60 on Friday. The stock’s 50-day moving average is $77.22 and its two-hundred day moving average is $79.44. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 17.82 and a beta of 1.26.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $1.14 EPS. Robert Half’s revenue was down 14.0% on a year-over-year basis. Equities research analysts anticipate that Robert Half will post 3.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Institutional Trading of Robert Half

A number of hedge funds have recently added to or reduced their stakes in the stock. WCM Investment Management LLC lifted its position in Robert Half by 7.5% during the 1st quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock worth $203,000 after acquiring an additional 178 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Robert Half by 10.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 83,467 shares of the business services provider’s stock worth $6,617,000 after buying an additional 7,900 shares in the last quarter. Family Legacy Inc. increased its position in Robert Half by 2.0% during the first quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock worth $569,000 after buying an additional 144 shares in the last quarter. Silver Lake Advisory LLC increased its position in Robert Half by 7.7% during the first quarter. Silver Lake Advisory LLC now owns 54,377 shares of the business services provider’s stock worth $4,311,000 after buying an additional 3,898 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Robert Half by 6.6% in the first quarter. Fifth Third Bancorp now owns 2,888 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 180 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.

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.