Robert Half (NYSE:RHI) Upgraded to Hold by Truist Financial

Robert Half (NYSE:RHI) was upgraded by analysts at Truist Financial from a “sell” rating to a “hold” rating in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a $72.00 target price on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 0.67% from the stock’s previous close.

Separately, BMO Capital Markets cut their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.57.

Robert Half Stock Up 0.0 %

RHI opened at $71.52 on Monday. Robert Half has a 52 week low of $64.65 and a 52 week high of $88.39. The business has a fifty day simple moving average of $77.80 and a 200-day simple moving average of $79.58. The firm has a market cap of $7.52 billion, a P/E ratio of 18.56, a P/E/G ratio of 17.51 and a beta of 1.26.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the business posted $1.37 earnings per share. Sell-side analysts expect that Robert Half will post 3.34 earnings per share for the current year.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Empirical Asset Management LLC increased its position in shares of Robert Half by 2.6% during the fourth quarter. Empirical Asset Management LLC now owns 5,270 shares of the business services provider’s stock worth $463,000 after purchasing an additional 134 shares in the last quarter. Wahed Invest LLC grew its holdings in shares of Robert Half by 9.0% during the third quarter. Wahed Invest LLC now owns 1,637 shares of the business services provider’s stock worth $120,000 after buying an additional 135 shares during the last quarter. Cypress Capital Group grew its holdings in shares of Robert Half by 1.8% during the third quarter. Cypress Capital Group now owns 8,402 shares of the business services provider’s stock worth $616,000 after buying an additional 146 shares during the last quarter. Venturi Wealth Management LLC grew its holdings 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 buying an additional 149 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Robert Half by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 48,997 shares of the business services provider’s stock worth $3,591,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds 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.