Robert Half (NYSE:RHI) Raised to "Outperform" at BNP Paribas

Robert Half (NYSE:RHI - Get Free Report) was upgraded by research analysts at BNP Paribas from an "underperform" rating to an "outperform" rating in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a $71.50 price objective on the business services provider's stock. BNP Paribas' price target would indicate a potential upside of 22.38% from the company's previous close.

A number of other brokerages have also recently commented on RHI. JPMorgan Chase & Co. reduced their price target on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and increased their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Robert Half has an average rating of "Hold" and an average target price of $74.92.

Robert Half Trading Up 0.9 %

RHI stock traded up $0.54 on Monday, hitting $58.43. The company had a trading volume of 1,101,937 shares, compared to its average volume of 1,261,663. Robert Half has a 12-month low of $57.05 and a 12-month high of $83.25. The stock's 50-day simple moving average is $69.16 and its 200 day simple moving average is $67.71. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 23.95 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Research analysts forecast that Robert Half will post 2.53 earnings per share for the current year.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares of the company's stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company's stock.

Hedge Funds Weigh In On Robert Half

Several hedge funds have recently modified their holdings of RHI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Robert Half by 613.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after buying an additional 313 shares in the last quarter. Headlands Technologies LLC bought a new stake in Robert Half in the fourth quarter worth $26,000. V Square Quantitative Management LLC bought a new stake in Robert Half in the third quarter worth $27,000. Private Trust Co. NA increased its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Finally, Signaturefd LLC increased its position in Robert Half by 121.3% in the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after purchasing an additional 239 shares during the last quarter. Hedge funds and other 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.