Robert Half (NYSE:RHI) PT Lowered to $69.00

Robert Half (NYSE:RHI) had its price objective dropped by JPMorgan Chase & Co. from $70.00 to $69.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 2.33% from the company’s current price.

RHI has been the topic of several other research reports. Barclays cut their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. BMO Capital Markets dropped their price target on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial dropped their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.71.

Robert Half Trading Up 2.6 %

Shares of RHI traded up $1.73 during midday trading on Wednesday, hitting $67.43. The stock had a trading volume of 1,586,841 shares, compared to its average volume of 1,418,674. Robert Half has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The business has a 50-day simple moving average of $64.56 and a two-hundred day simple moving average of $65.64. The firm has a market cap of $7.08 billion, a P/E ratio of 20.21 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $0.90 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect that Robert Half will post 2.51 earnings per share for the current fiscal year.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the sale, the director now owns 13,342 shares in the company, valued at $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of RHI. Qsemble Capital Management LP bought a new stake in Robert Half during the 1st quarter worth about $1,454,000. UniSuper Management Pty Ltd raised its holdings in Robert Half by 671.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Robert Half by 10.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock worth $9,700,000 after purchasing an additional 11,124 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in Robert Half by 167.3% during the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after purchasing an additional 13,404 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Robert Half by 40.5% during the 1st quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider’s stock worth $8,607,000 after purchasing an additional 31,300 shares during the last quarter. Institutional investors and hedge funds 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.