Robert Half (NYSE:RHI) Raised to Outperform at BNP Paribas

BNP Paribas upgraded shares of Robert Half (NYSE:RHI) from an underperform rating to an outperform rating in a research note published on Monday, MarketBeat Ratings reports. The firm currently has $71.50 price target on the business services provider’s stock.

Several other equities research analysts have also recently issued reports on RHI. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Robert Half presently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Stock Up 0.1 %

Shares of NYSE RHI opened at $59.38 on Monday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 24.34 and a beta of 1.23. Robert Half has a 52-week low of $57.05 and a 52-week high of $83.25. The company’s 50-day simple moving average is $69.77 and its 200-day simple moving average is $67.80.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Equities research analysts anticipate that Robert Half will post 2.53 EPS for the current fiscal year.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Robert Half

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in Robert Half in the 3rd quarter valued at about $27,000. Private Trust Co. NA raised its stake in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Signaturefd LLC lifted its holdings in shares of Robert Half by 121.3% in the 4th quarter. Signaturefd LLC now owns 436 shares of the business services provider’s stock worth $31,000 after acquiring an additional 239 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Robert Half during the 3rd quarter worth approximately $34,000. Finally, Eastern Bank acquired a new stake in Robert Half in the 4th quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.