Robert Half (NYSE:RHI) Upgraded by StockNews.com to "Buy" Rating

Robert Half (NYSE:RHI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Thursday.

RHI has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price for the company in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.92.

Robert Half Stock Performance

Shares of RHI traded down $2.88 during trading hours on Thursday, reaching $56.21. 1,631,588 shares of the company traded hands, compared to its average volume of 1,292,266. Robert Half has a 1-year low of $56.02 and a 1-year high of $83.25. The stock has a market cap of $5.74 billion, a P/E ratio of 23.04 and a beta of 1.23. The stock's fifty day moving average is $65.72 and its 200 day moving average is $67.57.

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Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results 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%. On average, equities research analysts predict that Robert Half will post 2.48 EPS for the current year.

Institutional Investors Weigh In On Robert Half

Several large investors have recently made changes to their positions in RHI. Mawer Investment Management Ltd. boosted its holdings in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after purchasing an additional 3,398,257 shares during the last quarter. Boston Partners increased its holdings in Robert Half by 17.5% during the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock worth $602,867,000 after buying an additional 1,271,237 shares during the last quarter. Norges Bank bought a new stake in Robert Half during the fourth quarter worth $60,257,000. Balyasny Asset Management L.P. lifted its stake in Robert Half by 5,172.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after acquiring an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Robert Half by 293.3% in the 4th quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock valued at $58,578,000 after acquiring an additional 619,982 shares during the period. Institutional investors 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.