Robert Half (NYSE:RHI) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

Robert Half (NYSE:RHI - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $69.00 to $65.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

RHI has been the topic of a number of other reports. BNP Paribas downgraded Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price objective on the stock. in a research note on Monday, December 16th. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $73.67.

Robert Half Price Performance

Shares of Robert Half stock traded down $1.39 during midday trading on Thursday, reaching $63.40. The company had a trading volume of 1,107,397 shares, compared to its average volume of 1,276,919. The stock has a fifty day moving average price of $71.39 and a 200 day moving average price of $67.94. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The firm has a market cap of $6.55 billion, a PE ratio of 25.98 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last posted 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 net margin of 4.34% and a return on equity of 17.20%. As a group, sell-side analysts forecast that Robert Half will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Robert Half 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 transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mawer Investment Management Ltd. raised its holdings in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Robert Half in the 3rd quarter valued at about $41,096,000. Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock worth $31,249,000 after buying an additional 413,664 shares in the last quarter. Pzena Investment Management LLC lifted its position in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock worth $69,276,000 after buying an additional 303,421 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock worth $90,534,000 after buying an additional 225,210 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.