Robert Half (NYSE:RHI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.
RHI has been the subject of a number of other research reports. Truist Financial upgraded Robert Half from a "sell" rating to a "hold" rating and set a $72.00 price objective for the company in a research report on Monday, April 22nd. BMO Capital Markets cut their price objective on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating for the company in a research report on Wednesday, January 31st. Finally, Robert W. Baird decreased their target price on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $68.14.
Check Out Our Latest Report on Robert Half
Robert Half Price Performance
RHI traded up $0.58 during midday trading on Friday, reaching $70.16. 799,734 shares of the company's stock were exchanged, compared to its average volume of 1,107,631. Robert Half has a 1-year low of $64.65 and a 1-year high of $88.39. The stock has a market capitalization of $7.38 billion, a PE ratio of 21.01, a P/E/G ratio of 3.25 and a beta of 1.30. The business's 50-day moving average price is $75.95 and its 200 day moving average price is $79.15.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.49 billion. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company's revenue was down 14.0% on a year-over-year basis. During the same period last year, the company posted $1.14 EPS. As a group, analysts expect that Robert Half will post 2.98 EPS for the current fiscal year.
Insider Activity
In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the transaction, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Fidelis Capital Partners LLC purchased a new position in shares of Robert Half in the 1st quarter valued at $26,000. Venturi Wealth Management LLC lifted its stake in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock worth $37,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Robert Half in the third quarter worth about $39,000. CoreFirst Bank & Trust grew its stake in shares of Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider's stock valued at $40,000 after buying an additional 440 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
About Robert Half
(
Get Free Report)
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.
Further Reading
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