StockNews.com Downgrades Robert Half (NYSE:RHI) to Hold

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

Several other analysts have also recently weighed in on RHI. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target for the company in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.92.

Robert Half Price Performance

Shares of NYSE RHI traded down $1.07 during mid-day trading on Wednesday, hitting $53.08. 1,485,977 shares of the stock traded hands, compared to its average volume of 1,381,046. Robert Half has a twelve month low of $52.55 and a twelve month high of $81.85. The firm has a 50 day simple moving average of $63.48 and a two-hundred day simple moving average of $67.23. The company has a market cap of $5.42 billion, a PE ratio of 21.75 and a beta of 1.22.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, equities research analysts anticipate that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Siemens Fonds Invest GmbH grew its holdings in Robert Half by 29.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 30,659 shares of the business services provider’s stock worth $2,157,000 after purchasing an additional 7,039 shares during the period. Alpine Global Management LLC acquired a new position in Robert Half during the 4th quarter worth approximately $784,000. Orion Capital Management LLC bought a new position in Robert Half in the fourth quarter worth approximately $41,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $218,000. Finally, Vivaldi Capital Management LP acquired a new position in shares of Robert Half during the fourth quarter worth approximately $15,636,000. 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.