Robert Half (NYSE:RHI) Rating Increased to Hold at Zacks Research

Robert Half (NYSE:RHI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

RHI has been the subject of several other research reports. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their target price on shares of Robert Half from $23.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Robert Half presently has a consensus rating of “Reduce” and a consensus price target of $31.62.

Robert Half Trading Up 3.1%

RHI stock opened at $36.76 on Tuesday. The stock has a 50-day moving average price of $30.25 and a 200-day moving average price of $27.78. Robert Half has a 1-year low of $21.83 and a 1-year high of $43.28. The firm has a market cap of $3.76 billion, a PE ratio of 28.27 and a beta of 0.82.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. Robert Half had a return on equity of 10.14% and a net margin of 2.43%.The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. On average, analysts forecast that Robert Half will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Robert Half by 190.5% during the 2nd quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after acquiring an additional 4,066,328 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Robert Half by 35.8% in the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock worth $151,555,000 after acquiring an additional 1,571,883 shares in the last quarter. Capital World Investors raised its holdings in shares of Robert Half by 36.0% in the fourth quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock valued at $160,306,000 after purchasing an additional 1,561,146 shares during the last quarter. Brickwood Asset Management LLP purchased a new stake in shares of Robert Half in the fourth quarter valued at about $34,908,000. Finally, Norges Bank bought a new position in shares of Robert Half during the fourth quarter valued at about $33,832,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.