Martin Capital Partners LLC cut its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,428 shares of the business services provider's stock after selling 22,353 shares during the period. Robert Half accounts for 2.4% of Martin Capital Partners LLC's investment portfolio, making the stock its 17th biggest position. Martin Capital Partners LLC's holdings in Robert Half were worth $2,003,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in shares of Robert Half by 28.9% in the third 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 in the last quarter. FORA Capital LLC purchased a new stake in Robert Half during the 3rd quarter worth about $1,792,000. SG Americas Securities LLC grew its holdings in Robert Half by 347.9% during 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 buying an additional 12,883 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Robert Half by 20.5% during the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock valued at $18,232,000 after buying an additional 46,100 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of 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 valued at $31,249,000 after buying an additional 413,664 shares during the period. 92.41% of the stock is currently owned by hedge funds and other institutional investors.
Robert Half Price Performance
RHI stock traded down $1.40 during mid-day trading on Friday, hitting $59.30. 1,207,462 shares of the stock were exchanged, compared to its average volume of 1,308,436. The business has a fifty day moving average price of $70.08 and a 200 day moving average price of $67.76. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 24.30 and a beta of 1.23.
Robert Half (NYSE:RHI - Get Free Report) last released 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%. As a group, equities analysts forecast that Robert Half Inc. will post 2.53 EPS for the current fiscal year.
Insider Activity
In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated 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 directly owns 12,310 shares in the company, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
RHI has been the subject of several recent analyst reports. BNP Paribas cut shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price objective for the company. 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 price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. 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 report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $73.67.
View Our Latest Stock Analysis on Robert Half
About Robert Half
(
Free Report)
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.
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