StockNews.com Downgrades Robert Half (NYSE:RHI) to Hold

Robert Half (NYSE:RHI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also commented on RHI. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a research note on Monday, February 10th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Truist Financial upgraded shares of 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.92.

Robert Half Stock Performance

Shares of RHI stock opened at $53.85 on Friday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 22.07 and a beta of 1.22. Robert Half has a one year low of $51.55 and a one year high of $81.85. The company has a 50 day moving average price of $61.33 and a 200 day moving average price of $66.69.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, equities analysts forecast that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Trading of Robert Half

Several large investors have recently bought and sold shares of RHI. Boston Partners boosted its stake in shares of Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the period. Mawer Investment Management Ltd. raised its holdings in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Robert Half by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,433,585 shares of the business services provider’s stock valued at $241,930,000 after acquiring an additional 148,577 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Robert Half by 0.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,217,999 shares of the business services provider’s stock worth $226,740,000 after acquiring an additional 17,338 shares in the last quarter. Finally, Fiduciary Management Inc. WI increased its position in shares of Robert Half by 15.4% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,251,541 shares of the business services provider’s stock worth $158,644,000 after purchasing an additional 300,524 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.