Robert Half (NYSE:RHI) Stock Rating Upgraded by Barclays

Robert Half (NYSE:RHI) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $80.00 target price on the business services provider’s stock, up from their previous target price of $60.00. Barclays‘s target price would suggest a potential upside of 14.37% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.33.

Robert Half Trading Up 2.1 %

NYSE RHI opened at $69.95 on Friday. The company has a market capitalization of $7.22 billion, a PE ratio of 25.53 and a beta of 1.24. The business’s 50-day moving average price is $72.86 and its 200 day moving average price is $67.18. Robert Half has a twelve month low of $57.05 and a twelve month high of $84.16.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted $0.90 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts predict that Robert Half will post 2.45 EPS for the current year.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Robert Half by 160.5% in the second quarter. Van ECK Associates Corp now owns 49,434 shares of the business services provider’s stock valued at $3,163,000 after buying an additional 30,458 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Robert Half by 7.3% in the second quarter. Farther Finance Advisors LLC now owns 4,134 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 281 shares during the period. Rhumbline Advisers boosted its stake in Robert Half by 22.5% in the second quarter. Rhumbline Advisers now owns 294,967 shares of the business services provider’s stock valued at $18,872,000 after acquiring an additional 54,262 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Robert Half by 182.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock valued at $1,606,000 after purchasing an additional 16,212 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Robert Half by 1,494.1% in the 2nd quarter. Victory Capital Management Inc. now owns 462,491 shares of the business services provider’s stock worth $29,590,000 after purchasing an additional 433,479 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

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.