JPMorgan Chase & Co. Lowers Robert Half (NYSE:RHI) Price Target to $65.00

Robert Half (NYSE:RHI) had its price objective decreased by stock analysts at JPMorgan Chase & Co. from $69.00 to $65.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 0.12% from the stock’s previous close.

RHI has been the subject of several other research reports. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, BNP Paribas lowered shares of 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. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.67.

Robert Half Price Performance

NYSE:RHI opened at $64.92 on Thursday. Robert Half has a one year low of $57.05 and a one year high of $83.25. The company has a market cap of $6.70 billion, a PE ratio of 26.61 and a beta of 1.24. The firm’s 50 day simple moving average is $71.39 and its 200 day simple moving average is $67.92.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 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%. Equities research analysts expect that Robert Half will post 2.8 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RHI. Mawer Investment Management Ltd. raised its position 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 period. Charles Schwab Investment Management Inc. raised its holdings in Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock worth $221,442,000 after buying an additional 159,750 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Robert Half by 20.1% in the third 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 in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Robert Half by 41.9% during 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 during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of 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 valued at $41,373,000 after buying an additional 151,261 shares during the last quarter. 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.