Mount Yale Investment Advisors LLC Has $361,000 Holdings in Robert Half Inc. (NYSE:RHI)

Mount Yale Investment Advisors LLC increased its position in Robert Half Inc. (NYSE:RHI) by 82.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,127 shares of the business services provider’s stock after purchasing an additional 2,324 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Robert Half were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 28.9% in 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. Charles Schwab Investment Management Inc. grew its position in Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after purchasing an additional 159,750 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Robert Half by 20.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock valued at $90,534,000 after buying an additional 225,210 shares during the period. Pzena Investment Management LLC boosted its stake in shares of Robert Half by 41.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after buying an additional 303,421 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock valued at $41,373,000 after acquiring an additional 151,261 shares in the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Robert Half

In related 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 transaction 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 sale 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays raised shares of 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 report on Friday, January 3rd. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Monday, December 16th. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Robert Half has an average rating of “Hold” and an average price target of $74.33.

Robert Half Trading Down 1.6 %

NYSE RHI opened at $69.19 on Thursday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 25.25 and a beta of 1.24. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The company has a 50 day moving average of $71.77 and a 200-day moving average of $67.94.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (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%. On average, 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.