Robert Half Inc. (NYSE:RHI) Stock Holdings Lowered by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its holdings in Robert Half Inc. (NYSE:RHI) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,882 shares of the business services provider’s stock after selling 988 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Robert Half were worth $1,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. WCM Investment Management LLC raised its holdings in shares of Robert Half by 239.5% in the 4th quarter. WCM Investment Management LLC now owns 63,614 shares of the business services provider’s stock worth $4,475,000 after purchasing an additional 44,879 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Robert Half during the fourth quarter valued at approximately $2,241,000. Vest Financial LLC raised its holdings in shares of Robert Half by 52.1% during the fourth quarter. Vest Financial LLC now owns 34,402 shares of the business services provider’s stock valued at $2,424,000 after acquiring an additional 11,786 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 valued at $5,262,000 after acquiring an additional 10,189 shares during the period. Finally, Trust Point Inc. acquired a new stake in shares of Robert Half during the fourth quarter valued at approximately $422,000. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $59.24 on Wednesday. The firm has a market cap of $6.12 billion, a PE ratio of 24.28 and a beta of 1.23. The firm’s 50 day moving average price is $69.49 and its two-hundred day moving average price is $67.78. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $83.25.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. Equities analysts anticipate that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RHI. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. cut their price target 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, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price target on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.92.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 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. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.