Robert Half (NYSE:RHI) Upgraded to "Hold" at Wall Street Zen

Robert Half (NYSE:RHI - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

RHI has been the topic of several other research reports. Barclays lowered their target price on shares of Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research report on Friday, May 2nd. The Goldman Sachs Group cut their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $48.71.

Robert Half Trading Up 1.7%

NYSE RHI traded up $0.73 during trading hours on Friday, hitting $44.30. 1,908,128 shares of the company's stock traded hands, compared to its average volume of 1,448,325. Robert Half has a 52 week low of $40.00 and a 52 week high of $78.41. The firm has a market capitalization of $4.53 billion, a P/E ratio of 18.15 and a beta of 1.06. The business's fifty day moving average price is $46.51 and its two-hundred day moving average price is $58.69.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the firm earned $0.61 EPS. Robert Half's revenue for the quarter was down 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Robert Half will post 2.48 EPS for the current fiscal year.

Institutional Trading of Robert Half

Several hedge funds have recently modified their holdings of RHI. Janney Montgomery Scott LLC lifted its position in shares of Robert Half by 9.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the business services provider's stock valued at $322,000 after buying an additional 390 shares during the last quarter. Spire Wealth Management raised its position in shares of Robert Half by 37,287.5% in the 4th quarter. Spire Wealth Management now owns 2,991 shares of the business services provider's stock valued at $211,000 after purchasing an additional 2,983 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Robert Half by 16.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,043 shares of the business services provider's stock valued at $5,262,000 after purchasing an additional 10,189 shares during the last quarter. Vest Financial LLC raised its position in shares of Robert Half by 52.1% in the 4th quarter. Vest Financial LLC now owns 34,402 shares of the business services provider's stock valued at $2,424,000 after purchasing an additional 11,786 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $2,241,000. 92.41% of the stock is owned by hedge funds and other institutional investors.

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.

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