Robert Half (NYSE:RHI) Cut to “Hold” at StockNews.com

Robert Half (NYSE:RHI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also commented on RHI. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research note on Monday, April 22nd. Robert W. Baird decreased their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Finally, BMO Capital Markets dropped their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.14.

Robert Half Trading Down 2.0 %

Shares of RHI stock opened at $67.39 on Tuesday. The firm has a fifty day simple moving average of $73.31 and a two-hundred day simple moving average of $78.81. Robert Half has a 12 month low of $64.65 and a 12 month high of $88.39. The firm has a market capitalization of $7.07 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.30.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, equities analysts predict that Robert Half will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

A number of hedge funds have recently made changes to their positions in RHI. Hsbc Holdings PLC raised its holdings in Robert Half by 17.8% during the 3rd quarter. Hsbc Holdings PLC now owns 785,690 shares of the business services provider’s stock valued at $57,594,000 after buying an additional 118,800 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in shares of Robert Half by 151.9% during the third quarter. Ontario Teachers Pension Plan Board now owns 72,505 shares of the business services provider’s stock worth $5,313,000 after purchasing an additional 43,726 shares during the period. Twin Capital Management Inc. grew its stake in shares of Robert Half by 38.7% in the fourth quarter. Twin Capital Management Inc. now owns 7,700 shares of the business services provider’s stock worth $677,000 after purchasing an additional 2,148 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Robert Half by 34.0% in the fourth quarter. Mackenzie Financial Corp now owns 53,265 shares of the business services provider’s stock worth $4,683,000 after acquiring an additional 13,503 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Robert Half by 88.5% in the third quarter. Nordea Investment Management AB now owns 27,740 shares of the business services provider’s stock valued at $2,048,000 after acquiring an additional 13,026 shares in the last quarter. 92.41% of the stock is currently owned by 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.