Trust Point Inc. Purchases Shares of 5,994 Robert Half Inc. (NYSE:RHI)

Trust Point Inc. purchased a new stake in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,994 shares of the business services provider’s stock, valued at approximately $422,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mawer Investment Management Ltd. boosted its stake 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 last quarter. Charles Schwab Investment Management Inc. boosted its stake in Robert Half by 5.1% during the 3rd 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 during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Robert Half by 20.1% during 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 purchasing an additional 225,210 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of Robert Half by 41.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after buying an additional 303,421 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Robert Half by 32.7% in the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after buying an additional 151,261 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 1.7 %

Robert Half stock opened at $62.00 on Thursday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The business’s 50 day simple moving average is $70.66 and its 200 day simple moving average is $67.86. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 25.41 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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 net margin of 4.34% and a return on equity of 17.20%. As a group, equities research analysts forecast that Robert Half Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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 $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on RHI shares. JPMorgan Chase & Co. cut their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Monday, December 16th. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a research note 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.67.

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.