Robert Half Inc. (NYSE:RHI) Shares Purchased by Gries Financial LLC

Gries Financial LLC lifted its position in shares of Robert Half Inc. (NYSE:RHI) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,173 shares of the business services provider’s stock after acquiring an additional 359 shares during the period. Gries Financial LLC’s holdings in Robert Half were worth $2,267,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RHI. Mawer Investment Management Ltd. boosted its position in 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 valued at $315,569,000 after purchasing an additional 1,049,005 shares during the period. FORA Capital LLC acquired a new stake in shares of Robert Half in the third quarter valued at approximately $1,792,000. JPMorgan Chase & Co. raised its holdings in shares of 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 buying an additional 46,100 shares during the last quarter. Janus Henderson Group PLC increased its position in Robert Half by 828.9% in the 3rd 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 during the period. Finally, SG Americas Securities LLC grew its stake in shares of Robert Half by 347.9% in the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock worth $1,169,000 after purchasing an additional 12,883 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RHI has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped 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 raised their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average target price of $74.33.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction 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 transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Stock Performance

Robert Half stock opened at $69.19 on Thursday. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The firm has a market capitalization of $7.14 billion, a PE ratio of 25.25 and a beta of 1.24. The business’s 50-day simple moving average is $71.77 and its 200-day simple moving average is $67.94.

Robert Half (NYSE:RHI) last issued its quarterly 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 return on equity of 18.78% and a net margin of 4.84%. Research analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

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.