Robert Half (NYSE:RHI) Raised to "Equal Weight" at Barclays

Robert Half (NYSE:RHI - Get Free Report) was upgraded by equities researchers at Barclays from an "underweight" rating to an "equal weight" rating in a research report issued on Friday, MarketBeat reports. The firm currently has a $80.00 target price on the business services provider's stock, up from their previous target price of $60.00. Barclays's target price would suggest a potential upside of 14.37% from the stock's current price.

RHI has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their price target for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, BNP Paribas downgraded 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 note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $74.33.

Robert Half Price Performance

Shares of NYSE:RHI traded up $1.44 on Friday, hitting $69.95. The company's stock had a trading volume of 800,008 shares, compared to its average volume of 862,954. Robert Half has a 1 year low of $57.05 and a 1 year high of $84.16. The company has a market capitalization of $7.22 billion, a PE ratio of 25.53 and a beta of 1.24. The company has a 50-day simple moving average of $72.86 and a 200 day simple moving average of $67.18.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. Robert Half's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. On average, equities research analysts expect that Robert Half will post 2.45 earnings per share for the current fiscal 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 stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly 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 legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Robert Half

A number of hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in Robert Half by 27,895.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider's stock worth $79,652,000 after buying an additional 1,240,492 shares in the last quarter. Mawer Investment Management Ltd. grew its position in Robert Half by 28.9% in the 3rd 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. AQR Capital Management LLC raised its stake in Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider's stock valued at $99,439,000 after buying an additional 786,031 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Robert Half during the 3rd quarter valued at $41,096,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Robert Half by 54.7% during the 2nd quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider's stock valued at $104,218,000 after buying an additional 575,879 shares during the period. 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.