WCM Investment Management LLC Purchases 44,879 Shares of Robert Half Inc. (NYSE:RHI)

WCM Investment Management LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 239.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 63,614 shares of the business services provider’s stock after acquiring an additional 44,879 shares during the quarter. WCM Investment Management LLC’s holdings in Robert Half were worth $4,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mawer Investment Management Ltd. grew its holdings in shares of Robert Half by 28.9% during the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares during the last quarter. FORA Capital LLC bought a new position in shares of Robert Half in the 3rd quarter worth about $1,792,000. SG Americas Securities LLC lifted its stake in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 12,883 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Robert Half by 20.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after purchasing an additional 46,100 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Robert Half by 828.9% during the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock worth $31,249,000 after purchasing an additional 413,664 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Trading Down 2.3 %

Shares of RHI stock opened at $59.30 on Monday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The firm has a market capitalization of $6.12 billion, a PE ratio of 24.30 and a beta of 1.23. The firm has a fifty day simple moving average of $70.08 and a two-hundred day simple moving average of $67.80.

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 analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities analysts predict that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RHI. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, December 16th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.67.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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 owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.