Robert Half (NYSE:RHI) Upgraded by Barclays to “Equal Weight” Rating

Robert Half (NYSE:RHI) was upgraded by stock analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a $80.00 price objective on the business services provider’s stock, up from their prior price objective of $60.00. Barclays‘s target price points to a potential upside of 14.37% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their target price for the company from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.33.

Robert Half Trading Up 2.1 %

RHI opened at $69.95 on Friday. The business’s 50 day moving average is $72.86 and its 200-day moving average is $67.18. The stock has a market cap of $7.22 billion, a PE ratio of 25.53 and a beta of 1.24. Robert Half has a twelve month low of $57.05 and a twelve month high of $84.16.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Robert Half will post 2.45 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Robert Half

A number of institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in shares of Robert Half by 27,895.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,244,939 shares of the business services provider’s stock worth $79,652,000 after buying an additional 1,240,492 shares during the period. Mawer Investment Management Ltd. raised its stake in Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after purchasing an additional 1,049,005 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Robert Half by 101.0% in the second quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after purchasing an additional 786,031 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Robert Half in the third quarter worth $41,096,000. Finally, Pacer Advisors Inc. raised its position in Robert Half by 54.7% during the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock valued at $104,218,000 after buying an additional 575,879 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.