Robert Half (NYSE:RHI) Price Target Cut to $65.00 by Analysts at JPMorgan Chase & Co.

Robert Half (NYSE:RHI) had its target price trimmed by JPMorgan Chase & Co. from $69.00 to $65.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Several other research firms have also commented on RHI. BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research report on Monday, December 16th. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.67.

Robert Half Price Performance

Shares of Robert Half stock opened at $64.72 on Thursday. The stock has a market cap of $6.68 billion, a PE ratio of 23.62 and a beta of 1.24. The firm has a fifty day moving average price of $71.59 and a 200 day moving average price of $67.92. Robert Half has a 1 year low of $57.05 and a 1 year high of $83.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data 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%. As a group, equities analysts expect that Robert Half will post 2.45 EPS for the current year.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Institutional Trading of Robert Half

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mawer Investment Management Ltd. boosted its stake in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares in the last quarter. FORA Capital LLC bought a new position in shares of Robert Half during the third quarter valued at $1,792,000. JPMorgan Chase & Co. boosted its position in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after buying an additional 46,100 shares in the last quarter. SG Americas Securities LLC raised its position in Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Robert Half by 828.9% during the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after buying an additional 413,664 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.