Robert Half (NYSE:RHI) Now Covered by Analysts at UBS Group

Equities researchers at UBS Group assumed coverage on shares of Robert Half (NYSE:RHI) in a report released on Tuesday, Briefing.com reports. The firm set a “sell” rating and a $60.00 price target on the business services provider’s stock. UBS Group’s price objective would suggest a potential downside of 21.64% from the stock’s current price.

RHI has been the subject of a number of other research reports. BMO Capital Markets decreased their target price on Robert Half from $84.00 to $76.00 in a report on Thursday, July 27th. William Blair restated a “market perform” rating on shares of Robert Half in a report on Wednesday, July 26th. Robert W. Baird decreased their target price on Robert Half from $88.00 to $82.00 in a report on Wednesday, July 26th. Credit Suisse Group reduced their price target on Robert Half from $63.00 to $57.00 in a research note on Wednesday, July 26th. Finally, Bank of America reduced their price target on Robert Half from $63.00 to $53.00 in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average price target of $68.63.

Robert Half Price Performance

Shares of RHI opened at $76.57 on Tuesday. The firm has a market cap of $8.11 billion, a P/E ratio of 17.36, a P/E/G ratio of 15.31 and a beta of 1.26. The stock has a 50 day simple moving average of $74.26 and a two-hundred day simple moving average of $73.64. Robert Half has a 1 year low of $64.65 and a 1 year high of $89.78.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.09. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. Robert Half had a return on equity of 29.60% and a net margin of 7.09%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 earnings per share. On average, equities analysts anticipate that Robert Half will post 3.84 earnings per share for the current year.

Insider Activity

In other news, EVP Robert W. Glass sold 14,751 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $75.15, for a total transaction of $1,108,537.65. Following the completion of the transaction, the executive vice president now directly owns 209,927 shares in the company, valued at $15,776,014.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several large investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Robert Half by 107,547.9% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 56,186,845 shares of the business services provider’s stock worth $4,226,375,000 after buying an additional 56,134,650 shares in the last quarter. Vanguard Group Inc. increased its holdings in Robert Half by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,674,644 shares of the business services provider’s stock worth $1,561,370,000 after buying an additional 42,681 shares in the last quarter. BlackRock Inc. increased its holdings in Robert Half by 2.7% in the 2nd quarter. BlackRock Inc. now owns 10,238,115 shares of the business services provider’s stock worth $770,111,000 after buying an additional 266,298 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Robert Half by 116,277.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,941,582 shares of the business services provider’s stock worth $586,327,000 after buying an additional 7,934,758 shares in the last quarter. Finally, Capital World Investors bought a new stake in Robert Half in the 1st quarter worth about $636,060,000. 91.63% of the stock is currently owned by institutional investors.

Robert Half Company Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.