Robert Half (NYSE:RHI) Upgraded at Zacks Research

Zacks Research upgraded shares of Robert Half (NYSE:RHI) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other analysts have also recently issued reports on RHI. Truist Financial raised their target price on Robert Half from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price objective on shares of Robert Half in a research report on Monday. UBS Group reduced their target price on Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, October 23rd. Finally, Barclays dropped their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $33.50.

Robert Half Stock Performance

Shares of Robert Half stock opened at $32.81 on Monday. Robert Half has a 52-week low of $25.22 and a 52-week high of $63.61. The company’s 50 day moving average price is $28.14 and its 200-day moving average price is $31.43. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 24.67 and a beta of 0.88.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. As a group, equities research analysts forecast that Robert Half will post 2.48 earnings per share for the current fiscal year.

Institutional Trading of Robert Half

A number of hedge funds have recently modified their holdings of RHI. Ethic Inc. purchased a new stake in shares of Robert Half in the 4th quarter worth about $630,000. Crestwood Advisors Group LLC bought a new stake in Robert Half during the fourth quarter worth about $275,000. Sequoia Financial Advisors LLC boosted its stake in Robert Half by 144.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 27,129 shares of the business services provider’s stock worth $737,000 after acquiring an additional 16,024 shares in the last quarter. Fifth Third Bancorp grew its holdings in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock worth $37,000 after purchasing an additional 664 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Robert Half by 38.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 82,135 shares of the business services provider’s stock valued at $2,231,000 after purchasing an additional 22,984 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

About Robert Half

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.