Vest Financial LLC Buys 11,786 Shares of Robert Half Inc. (NYSE:RHI)

Vest Financial LLC lifted its stake in shares of Robert Half Inc. (NYSE:RHI) by 52.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,402 shares of the business services provider’s stock after purchasing an additional 11,786 shares during the quarter. Vest Financial LLC’s holdings in Robert Half were worth $2,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. V Square Quantitative Management LLC bought a new stake in shares of Robert Half during the third quarter valued at approximately $27,000. Private Trust Co. NA lifted its position in Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Robert Half during the 3rd quarter valued at about $34,000. Eastern Bank acquired a new position in Robert Half during the 4th quarter valued at about $35,000. Finally, GAMMA Investing LLC raised its stake in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RHI. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock 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 increased their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.67.

Robert Half Stock Performance

RHI stock opened at $59.30 on Friday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The stock has a fifty day moving average of $70.08 and a 200-day moving average of $67.76. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 24.30 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its earnings results 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 return on equity of 17.20% and a net margin of 4.34%. Equities analysts predict that Robert Half Inc. will post 2.53 EPS for the current year.

Robert Half 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.