Robert Half Inc. (NYSE:RHI) Receives $73.67 Average PT from Analysts

Robert Half Inc. (NYSE:RHI) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $73.67.

Several brokerages have recently issued reports on RHI. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. 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 research report on Friday, December 13th. Finally, BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th.

Robert Half Price Performance

NYSE RHI opened at $62.00 on Friday. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 25.41 and a beta of 1.23. The company has a 50 day simple moving average of $70.66 and a 200-day simple moving average of $67.86. Robert Half has a 52-week low of $57.05 and a 52-week high of $83.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, analysts predict that Robert Half will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RHI. SRS Capital Advisors Inc. grew its holdings in shares of Robert Half by 291.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,750 shares of the business services provider’s stock worth $123,000 after purchasing an additional 1,303 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Robert Half by 48.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider’s stock worth $56,000 after purchasing an additional 258 shares in the last quarter. US Bancorp DE grew its holdings in shares of Robert Half by 18.6% during the 4th quarter. US Bancorp DE now owns 4,957 shares of the business services provider’s stock worth $349,000 after purchasing an additional 777 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Robert Half during the 4th quarter worth $609,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Robert Half by 8.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,160,555 shares of the business services provider’s stock worth $81,773,000 after purchasing an additional 94,125 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

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.