Robert Half (NYSE:RHI) Upgraded to Buy at StockNews.com

Robert Half (NYSE:RHI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

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

Robert Half Stock Down 2.2 %

NYSE:RHI traded down $1.04 during midday trading on Monday, hitting $47.37. The stock had a trading volume of 1,822,555 shares, compared to its average volume of 1,428,775. The stock has a 50-day moving average of $57.28 and a 200 day moving average of $65.93. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 19.41 and a beta of 1.13. Robert Half has a one year low of $45.22 and a one year high of $78.41.

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

Institutional Investors Weigh In On Robert Half

A number of large investors have recently modified their holdings of RHI. Mawer Investment Management Ltd. raised its stake in Robert Half by 72.6% in the 4th quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock worth $569,288,000 after acquiring an additional 3,398,257 shares during the last quarter. Boston Partners increased its holdings in shares of Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider’s stock valued at $602,867,000 after purchasing an additional 1,271,237 shares during the period. Norges Bank purchased a new position in shares of Robert Half in the fourth quarter worth about $60,257,000. Balyasny Asset Management L.P. lifted its holdings in shares of Robert Half by 5,172.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider’s stock worth $48,857,000 after purchasing an additional 680,242 shares during the period. Finally, Wellington Management Group LLP boosted its position in Robert Half by 293.3% in the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider’s stock valued at $58,578,000 after buying an additional 619,982 shares during the last quarter. 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.