Vest Financial LLC Increases Position in Robert Half Inc. (NYSE:RHI)

Vest Financial LLC raised its position in shares of Robert Half Inc. (NYSE:RHI) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,402 shares of the business services provider’s stock after purchasing an additional 11,786 shares during the period. Vest Financial LLC’s holdings in Robert Half were worth $2,424,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Robert Half in the 3rd quarter worth approximately $27,000. Private Trust Co. NA lifted its holdings in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Robert Half in the 3rd quarter valued at $34,000. Eastern Bank bought a new position in shares of Robert Half during the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC raised its position in Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RHI. BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.67.

Robert Half Stock Down 2.3 %

RHI opened at $59.30 on Friday. The business has a 50 day moving average of $70.08 and a 200-day moving average of $67.76. The stock has a market cap of $6.12 billion, a PE ratio of 24.30 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25.

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 17.20% and a net margin of 4.34%. Equities analysts anticipate that Robert Half Inc. will post 2.53 EPS 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.