Robert Half (NYSE:RHI) Given Sell (D+) Rating at Weiss Ratings

Key Points

• Robert Half's stock received a Sell (D+) rating from Weiss Ratings, with several other analysts also downgrading the stock's outlook recently.
• The stock is currently trading at $32.51, with a 12-month range of $31.25 to $78.41, and has seen a decline in quarterly revenue by 7% compared to the previous year.
• Despite the recent downgrades, hedge funds have increased their holdings, with a significant stake of 92.41% of the stock owned by institutional investors.

Robert Half (NYSE:RHI - Get Free Report)'s stock had its "sell (d+)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

A number of other research analysts have also recently commented on RHI. Zacks Research cut Robert Half from a "hold" rating to a "strong sell" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. decreased their price objective on Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Truist Financial lowered their target price on shares of Robert Half from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Monday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $45.00.

Robert Half Price Performance

Shares of NYSE RHI traded up $0.44 during trading on Tuesday, hitting $32.51. The stock had a trading volume of 590,450 shares, compared to its average volume of 1,698,663. Robert Half has a 12 month low of $31.25 and a 12 month high of $78.41. The company has a market capitalization of $3.31 billion, a PE ratio of 18.57 and a beta of 1.02. The firm has a fifty day moving average of $35.27 and a two-hundred day moving average of $41.19.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The company's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, equities analysts expect that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Robert Half in the 1st quarter worth approximately $3,195,000. Pzena Investment Management LLC grew its stake in Robert Half by 80.3% in the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider's stock worth $97,587,000 after purchasing an additional 1,058,569 shares during the period. GAMMA Investing LLC grew its stake in Robert Half by 92.9% in the first quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock worth $114,000 after purchasing an additional 1,007 shares during the period. Ieq Capital LLC grew its stake in Robert Half by 43.8% in the first quarter. Ieq Capital LLC now owns 327,901 shares of the business services provider's stock worth $17,887,000 after purchasing an additional 99,868 shares during the period. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Robert Half by 119.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 46,851 shares of the business services provider's stock valued at $2,556,000 after buying an additional 25,498 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.

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