Robert Half (NYSE:RHI) Cut to Sell at Wall Street Zen

Robert Half (NYSE:RHI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other brokerages have also issued reports on RHI. The Goldman Sachs Group lowered their target price on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. BNP Paribas Exane cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, May 2nd. BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Friday, May 2nd. Truist Financial set a $55.00 price target on shares of Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Barclays decreased their price target on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.83.

Robert Half Trading Down 0.1%

Shares of Robert Half stock opened at $39.80 on Friday. The company has a fifty day simple moving average of $43.09 and a 200-day simple moving average of $51.24. Robert Half has a 12-month low of $38.90 and a 12-month high of $78.41. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 22.74 and a beta of 1.00.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mawer Investment Management Ltd. lifted its holdings in Robert Half by 72.6% in the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider’s stock valued at $569,288,000 after acquiring an additional 3,398,257 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Robert Half by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,618,177 shares of the business services provider’s stock valued at $197,372,000 after purchasing an additional 184,592 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Robert Half by 1.6% in the first quarter. Alliancebernstein L.P. now owns 3,268,435 shares of the business services provider’s stock valued at $178,293,000 after purchasing an additional 50,436 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of Robert Half by 14.4% in the first quarter. Fiduciary Management Inc. WI now owns 2,576,782 shares of the business services provider’s stock valued at $140,563,000 after purchasing an additional 325,241 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in shares of Robert Half by 80.3% in the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock valued at $97,587,000 after purchasing an additional 1,058,569 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.