Robert Half (NYSE:RHI) Rating Lowered to Hold at StockNews.com

Robert Half (NYSE:RHI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

RHI has been the topic of a number of other reports. Robert W. Baird decreased their price objective on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. BMO Capital Markets lowered their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Finally, Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and a consensus target price of $68.14.

Robert Half Stock Performance

RHI stock opened at $67.39 on Tuesday. The firm has a fifty day moving average price of $73.31 and a 200 day moving average price of $78.81. Robert Half has a fifty-two week low of $64.65 and a fifty-two week high of $88.39. The firm has a market cap of $7.07 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. On average, equities analysts predict that Robert Half will post 2.92 EPS for the current year.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the transaction, the director now directly owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the sale, the director now directly owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several large investors have recently modified their holdings of RHI. Empirical Asset Management LLC raised its stake in Robert Half by 2.6% in the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after buying an additional 134 shares in the last quarter. Wahed Invest LLC lifted its stake in shares of Robert Half by 9.0% during the 3rd quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock worth $120,000 after purchasing an additional 135 shares during the last quarter. Family Legacy Inc. boosted 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 valued at $569,000 after purchasing an additional 144 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Robert Half by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock worth $3,591,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

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.