Robert Half (NYSE:RHI) Price Target Cut to $65.00 by Analysts at JPMorgan Chase & Co.

Robert Half (NYSE:RHI) had its target price cut by JPMorgan Chase & Co. from $69.00 to $65.00 in a report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the company. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a report on Monday, December 16th. Finally, 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 report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $73.67.

Robert Half Stock Performance

NYSE:RHI opened at $64.72 on Thursday. The firm has a 50-day moving average price of $71.59 and a two-hundred day moving average price of $67.92. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 23.62 and a beta of 1.24. Robert Half has a 52 week low of $57.05 and a 52 week high of $83.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings data 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 net margin of 4.84% and a return on equity of 18.78%. As a group, sell-side analysts forecast that Robert Half will post 2.45 earnings per share 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 firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Robert Half during the third quarter worth $27,000. Private Trust Co. NA raised its stake in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Robert Half during the 3rd quarter worth $34,000. Eastern Bank purchased a new stake in shares of Robert Half in the 4th quarter valued at approximately $35,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after acquiring an additional 179 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.