Robert Half (NYSE:RHI) PT Lowered to $69.00

Robert Half (NYSE:RHI) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from $70.00 to $69.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 2.33% from the stock’s current price.

Several other equities analysts also recently weighed in on the stock. Barclays dropped their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. Truist Financial lowered their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, BMO Capital Markets lowered their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.71.

Robert Half Stock Performance

Robert Half stock traded up $1.73 during trading hours on Wednesday, reaching $67.43. 1,586,841 shares of the stock were exchanged, compared to its average volume of 1,418,674. The stock has a market cap of $7.08 billion, a P/E ratio of 20.21 and a beta of 1.23. Robert Half has a 52-week low of $57.05 and a 52-week high of $88.39. The firm’s 50 day moving average is $64.56 and its 200 day moving average is $65.64.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts expect that Robert Half will post 2.51 EPS for the current fiscal year.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of institutional investors and hedge funds have recently modified their holdings of RHI. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Robert Half by 5.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,677 shares of the business services provider’s stock worth $4,810,000 after acquiring an additional 3,211 shares during the period. Grimes & Company Inc. grew its position in Robert Half by 4.0% in the 1st quarter. Grimes & Company Inc. now owns 225,508 shares of the business services provider’s stock valued at $17,878,000 after buying an additional 8,700 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Robert Half by 60.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 16,471 shares of the business services provider’s stock valued at $1,306,000 after buying an additional 6,187 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Robert Half by 102.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,545 shares of the business services provider’s stock valued at $1,074,000 after purchasing an additional 6,858 shares in the last quarter. Finally, JLB & Associates Inc. boosted its position in shares of Robert Half by 1.2% during the 1st quarter. JLB & Associates Inc. now owns 54,690 shares of the business services provider’s stock valued at $4,336,000 after purchasing an additional 634 shares in 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.