Robert Half (NYSE:RHI) Rating Lowered to Underperform at BNP Paribas

Robert Half (NYSE:RHI) was downgraded by investment analysts at BNP Paribas from an “outperform” rating to an “underperform” rating in a research note issued on Monday,Briefing.com Automated Import reports. They presently have a $64.00 price objective on the business services provider’s stock. BNP Paribas’ price target would suggest a potential downside of 15.90% from the stock’s previous close.

Several other equities research analysts have also commented on RHI. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. cut their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.00.

Robert Half Trading Up 0.8 %

Shares of NYSE RHI opened at $76.10 on Monday. The company has a 50 day simple moving average of $71.62 and a two-hundred day simple moving average of $66.42. Robert Half has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24.

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

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Hedge Funds Weigh In On Robert Half

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. boosted its position in shares of 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 acquiring an additional 1,049,005 shares during the last quarter. FORA Capital LLC acquired a new position in Robert Half in the 3rd quarter valued at about $1,792,000. Achmea Investment Management B.V. grew its stake in shares of Robert Half by 9.2% in the 2nd quarter. Achmea Investment Management B.V. now owns 152,251 shares of the business services provider’s stock valued at $9,741,000 after buying an additional 12,772 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Robert Half by 182.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,100 shares of the business services provider’s stock worth $1,606,000 after buying an additional 16,212 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Robert Half by 136.3% during the 2nd quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock worth $5,656,000 after buying an additional 50,995 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.