Robert Half (NYSE:RHI) Downgraded by BNP Paribas to “Underperform”

Robert Half (NYSE:RHI) was downgraded by analysts at BNP Paribas from an “outperform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $64.00 price objective on the business services provider’s stock. BNP Paribas’ price target points to a potential downside of 13.69% from the stock’s current price.

RHI has been the topic of several other reports. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Robert Half presently has an average rating of “Hold” and a consensus target price of $71.00.

Robert Half Stock Performance

Shares of RHI stock opened at $74.15 on Monday. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 27.18 and a beta of 1.24. The stock’s 50-day simple moving average is $71.79 and its 200-day simple moving average is $66.50.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. Robert Half’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Robert Half will post 2.45 earnings per share for the current year.

Insider Buying and Selling at Robert Half

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 sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

Several large investors have recently made changes to their positions in the company. 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 valued at $46,000 after buying an additional 179 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. M&T Bank Corp raised its holdings in Robert Half by 3.7% in the 3rd quarter. M&T Bank Corp now owns 6,419 shares of the business services provider’s stock worth $432,000 after purchasing an additional 227 shares during the period. Isthmus Partners LLC boosted its position in Robert Half by 3.3% during the second quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock worth $453,000 after purchasing an additional 229 shares in the last quarter. Finally, SYM FINANCIAL Corp grew its holdings in Robert Half by 7.5% in the third quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 241 shares during the period. 92.41% of the stock is currently 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.