Robert Half (NYSE:RHI) Cut 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 report issued to clients and investors on Monday,Briefing.com Automated Import reports. They currently have a $64.00 price objective on the business services provider’s stock. BNP Paribas’ price objective points to a potential downside of 15.90% from the company’s previous close.

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

Robert Half Stock Performance

Shares of RHI opened at $76.10 on Monday. Robert Half has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a market capitalization of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24. The company has a 50-day simple moving average of $71.62 and a 200-day simple moving average of $66.42.

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

Insider Activity at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RHI. Oddo BHF Asset Management Sas bought a new position in shares of Robert Half during the third quarter worth $1,461,000. Tidal Investments LLC boosted its stake in Robert Half by 6.1% in the 3rd quarter. Tidal Investments LLC now owns 13,946 shares of the business services provider’s stock worth $940,000 after purchasing an additional 797 shares during the period. Sanctuary Advisors LLC increased its holdings in Robert Half by 56.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,916 shares of the business services provider’s stock worth $591,000 after purchasing an additional 2,869 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Robert Half by 34.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 9,094 shares of the business services provider’s stock valued at $619,000 after purchasing an additional 2,310 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Robert Half by 1,773.4% in the third quarter. TD Private Client Wealth LLC now owns 2,604 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 2,465 shares in the last quarter. 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.