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

Robert Half Inc. (NYSE:RHI) has been given an average rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.67.

Several analysts recently weighed in on RHI shares. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas lowered 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. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $90.00 in a research note on Friday, December 13th.

Robert Half Stock Down 1.7 %

NYSE:RHI opened at $62.00 on Friday. The stock’s 50-day simple moving average is $70.66 and its 200 day simple moving average is $67.86. The firm has a market capitalization of $6.40 billion, a PE ratio of 25.41 and a beta of 1.23. Robert Half has a twelve month low of $57.05 and a twelve month high of $83.25.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, analysts anticipate that Robert Half will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in shares of Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock worth $868,000 after acquiring an additional 166 shares during the period. GAMMA Investing LLC increased its holdings in Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Robert Half by 5.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after purchasing an additional 183 shares in the last quarter. Private Trust Co. NA increased its holdings in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Robert Half by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 205 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.