Gries Financial LLC Purchases 359 Shares of Robert Half Inc. (NYSE:RHI)

Gries Financial LLC boosted its position in Robert Half Inc. (NYSE:RHI) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,173 shares of the business services provider’s stock after purchasing an additional 359 shares during the period. Gries Financial LLC’s holdings in Robert Half were worth $2,267,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of RHI. Mawer Investment Management Ltd. increased its holdings in shares of 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 worth $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $221,442,000 after buying an additional 159,750 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Robert Half by 20.1% in 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 buying an additional 225,210 shares during the last quarter. Pzena Investment Management LLC lifted its position in Robert Half by 41.9% during the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after acquiring an additional 303,421 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Robert Half by 32.7% during the third quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider’s stock worth $41,373,000 after acquiring an additional 151,261 shares during the period. Institutional investors own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’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 value 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. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

RHI has been the topic of a number of research reports. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Robert Half currently has a consensus rating of “Hold” and an average target price of $74.33.

Robert Half Trading Down 1.6 %

Shares of RHI opened at $69.19 on Thursday. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 25.25 and a beta of 1.24. The stock has a 50 day moving average of $71.77 and a 200 day moving average of $67.94. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25.

Robert Half (NYSE:RHI) last posted its quarterly earnings results 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 return on equity of 18.78% and a net margin of 4.84%. As a group, equities research analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half 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.