Kingsview Wealth Management LLC Takes Position in Robert Half Inc. (NYSE:RHI)

Kingsview Wealth Management LLC purchased a new position in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,812 shares of the business services provider’s stock, valued at approximately $2,241,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vest Financial LLC increased its position in Robert Half by 52.1% during the 4th quarter. Vest Financial LLC now owns 34,402 shares of the business services provider’s stock worth $2,424,000 after purchasing an additional 11,786 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Robert Half by 16.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,043 shares of the business services provider’s stock worth $5,262,000 after acquiring an additional 10,189 shares during the period. Trust Point Inc. purchased a new position in Robert Half in the fourth quarter worth $422,000. Resonant Capital Advisors LLC lifted its holdings in Robert Half by 2.1% in the fourth quarter. Resonant Capital Advisors LLC now owns 15,781 shares of the business services provider’s stock valued at $1,112,000 after acquiring an additional 322 shares during the period. Finally, Spire Wealth Management lifted its holdings in Robert Half by 37,287.5% in the fourth quarter. Spire Wealth Management now owns 2,991 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 2,983 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

Shares of NYSE RHI opened at $59.38 on Tuesday. The firm’s 50-day moving average is $69.77 and its two-hundred day moving average is $67.80. The company has a market capitalization of $6.13 billion, a PE ratio of 24.34 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, analysts forecast that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RHI shares. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a research note on Monday. Finally, Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.92.

Insider Activity at Robert Half

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