JPMorgan Chase & Co. Has Lowered Expectations for Robert Half (NYSE:RHI) Stock Price

Robert Half (NYSE:RHI) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $69.00 to $65.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.71% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.67.

Robert Half Stock Performance

Shares of Robert Half stock traded down $3.02 during trading hours on Thursday, reaching $66.13. 1,338,667 shares of the company were exchanged, compared to its average volume of 998,742. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25. The stock’s fifty day moving average is $71.77 and its 200 day moving average is $67.94. The firm has a market cap of $6.83 billion, a PE ratio of 24.13 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.84% and a return on equity of 18.78%. Research analysts expect that Robert Half will post 2.45 earnings per share for the current year.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Robert Half in the 3rd quarter valued at $27,000. Private Trust Co. NA boosted its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half in the 3rd quarter valued at $34,000. Eastern Bank acquired a new position in shares of Robert Half in the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

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.