Kingsview Wealth Management LLC Makes New Investment in Robert Half Inc. (NYSE:RHI)

Kingsview Wealth Management LLC acquired a new stake in Robert Half Inc. (NYSE:RHI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 31,812 shares of the business services provider’s stock, valued at approximately $2,241,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in Robert Half in the second quarter valued at approximately $350,000. GAMMA Investing LLC boosted its holdings in shares of Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares during the last quarter. CWM LLC increased its holdings in shares of Robert Half by 130.1% during the 3rd quarter. CWM LLC now owns 36,387 shares of the business services provider’s stock worth $2,453,000 after buying an additional 20,574 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Robert Half by 12,700.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 12,160 shares of the business services provider’s stock worth $820,000 after buying an additional 12,065 shares during the period. Finally, Creative Planning boosted its holdings in Robert Half by 2.9% in the third quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock valued at $1,212,000 after acquiring an additional 506 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Stock Up 0.1 %

NYSE RHI opened at $59.38 on Tuesday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The business has a 50 day moving average price of $69.77 and a two-hundred day moving average price of $67.80. The stock has a market cap of $6.13 billion, a PE ratio of 24.34 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced 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 net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts anticipate that Robert Half Inc. will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented 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 research note on Friday, January 3rd. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a research report on Monday. 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 research report on Thursday, January 30th. Finally, Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.92.

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.