Robert Half Inc. (NYSE:RHI) Given Consensus Rating of "Hold" by Brokerages

Shares of Robert Half Inc. (NYSE:RHI - Get Free Report) have been given a consensus recommendation of "Hold" by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $73.67.

Several equities research analysts recently weighed in on RHI shares. BNP Paribas cut shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and boosted their price objective for the company from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

Institutional investors have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. lifted its holdings in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after purchasing an additional 1,049,005 shares during the period. Charles Schwab Investment Management Inc. raised its position in Robert Half by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider's stock worth $221,442,000 after purchasing an additional 159,750 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Robert Half by 20.1% during 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 period. Bank of New York Mellon Corp grew its position in shares of Robert Half by 8.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider's stock valued at $81,773,000 after buying an additional 94,125 shares during the last quarter. Finally, Pzena Investment Management LLC increased its stake in shares of Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock valued at $69,276,000 after buying an additional 303,421 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Down 0.3 %

NYSE RHI traded down $0.21 during trading on Friday, reaching $63.14. The company's stock had a trading volume of 1,061,226 shares, compared to its average volume of 1,291,519. Robert Half has a 12 month low of $57.05 and a 12 month high of $83.25. The firm has a 50 day moving average price of $70.92 and a 200 day moving average price of $67.90. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 25.88 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 return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts forecast that Robert Half will post 2.63 EPS for the current fiscal year.

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.