Robert Half (NYSE:RHI) Raised to “Hold” at Truist Financial

Robert Half (NYSE:RHI) was upgraded by Truist Financial from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $72.00 target price on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 2.52% from the stock’s current price.

Separately, BMO Capital Markets cut their price objective on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $68.57.

Robert Half Price Performance

RHI stock opened at $70.23 on Monday. Robert Half has a 1 year low of $64.65 and a 1 year high of $88.39. The company has a market cap of $7.38 billion, a P/E ratio of 18.15, a PEG ratio of 17.51 and a beta of 1.26. The firm has a 50-day moving average of $78.01 and a 200 day moving average of $79.59.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. Robert Half’s revenue was down 14.7% on a year-over-year basis. On average, equities research analysts expect that Robert Half will post 3.34 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional Investors Weigh In On Robert Half

Several institutional investors and hedge funds have recently added to or reduced their stakes in RHI. Quarry LP bought a new position in Robert Half in the fourth quarter worth approximately $25,000. Resurgent Financial Advisors LLC bought a new position in Robert Half in the fourth quarter worth approximately $27,000. Salem Investment Counselors Inc. bought a new position in Robert Half in the second quarter worth approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Robert Half in the fourth quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC raised its position in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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 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.