Robert Half (NYSE:RHI) Price Target Lowered to $60.00 at Barclays

Robert Half (NYSE:RHI) had its target price decreased by stock analysts at Barclays from $70.00 to $60.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “underweight” rating on the business services provider’s stock. Barclays‘s target price indicates a potential downside of 2.53% from the stock’s previous close.

Several other brokerages have also recently commented on RHI. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday. Robert W. Baird reduced their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Truist Financial decreased their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday. BMO Capital Markets reduced their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $65.00.

Robert Half Trading Up 2.7 %

Robert Half stock traded up $1.64 during trading on Friday, hitting $61.56. The company had a trading volume of 597,836 shares, compared to its average volume of 1,488,147. The company’s 50 day simple moving average is $64.57 and its 200-day simple moving average is $72.84. Robert Half has a 1-year low of $57.05 and a 1-year high of $88.39. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 5.39 and a beta of 1.25.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.14%. Robert Half’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS. As a group, analysts forecast that Robert Half will post 2.92 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently made changes to their positions in RHI. Blue Trust Inc. increased its stake in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after buying an additional 323 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Robert Half during the 1st quarter worth about $26,000. Versant Capital Management Inc acquired a new position in Robert Half during the 2nd quarter valued at about $35,000. Venturi Wealth Management LLC boosted its stake in shares of Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Robert Half during the 2nd quarter worth approximately $45,000. 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.