Burford Brothers Inc. lessened its holdings in shares of Robert Half Inc. (NYSE:RHI – Free Report) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,283 shares of the business services provider’s stock after selling 2,796 shares during the period. Burford Brothers Inc.’s holdings in Robert Half were worth $513,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Algert Global LLC acquired a new position in shares of Robert Half during the 2nd quarter worth $677,000. Truist Financial Corp grew its position in Robert Half by 1.3% during the second quarter. Truist Financial Corp now owns 28,271 shares of the business services provider’s stock worth $1,809,000 after buying an additional 350 shares during the period. Cetera Investment Advisers increased its holdings in Robert Half by 2.4% in the second quarter. Cetera Investment Advisers now owns 66,300 shares of the business services provider’s stock valued at $4,242,000 after buying an additional 1,571 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Robert Half during the 2nd quarter valued at approximately $350,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Robert Half during the 2nd quarter valued at approximately $672,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.
Insider Activity
In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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 completion of the sale, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Robert Half Stock Performance
Robert Half (NYSE:RHI – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 16.87%. As a group, equities analysts predict that Robert Half Inc. will post 2.8 EPS for the current year.
Analyst Ratings Changes
RHI has been the subject of several research analyst reports. Barclays raised 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 note on Friday, January 3rd. JPMorgan Chase & Co. reduced 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. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, December 16th. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.67.
Read Our Latest Stock Analysis on Robert Half
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.
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