Strengthening Families & Communities LLC Lowers Stock Position in Robert Half Inc. (NYSE:RHI)

Strengthening Families & Communities LLC cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 83.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,364 shares of the business services provider’s stock after selling 11,526 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Robert Half were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RHI. Mawer Investment Management Ltd. boosted its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares during the period. FORA Capital LLC bought a new position in Robert Half in the 3rd quarter worth $1,792,000. SG Americas Securities LLC increased its stake 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 worth $1,169,000 after buying an additional 12,883 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after acquiring an additional 46,100 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after acquiring an additional 413,664 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Robert Half Stock Performance

RHI stock opened at $59.38 on Tuesday. The firm has a fifty day moving average price of $69.77 and a 200 day moving average price of $67.80. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The firm has a market cap of $6.13 billion, a PE ratio of 24.34 and a beta of 1.23.

Robert Half (NYSE:RHI) last released 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 4.34% and a return on equity of 17.20%. On average, equities analysts predict that Robert Half Inc. will post 2.53 EPS for the current year.

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.