Robeco Institutional Asset Management B.V. Reduces Position in Robert Half Inc. (NYSE:RHI)

Robeco Institutional Asset Management B.V. lowered its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,558 shares of the business services provider's stock after selling 29,143 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Robert Half were worth $3,562,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Robert Half in the 3rd quarter valued at $27,000. Private Trust Co. NA boosted its stake in Robert Half by 79.7% during the third 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 in the last quarter. Reston Wealth Management LLC acquired a new stake in Robert Half in the third quarter worth $34,000. Eastern Bank bought a new stake in Robert Half in the fourth quarter valued at $35,000. Finally, GAMMA Investing LLC raised its holdings in shares of Robert Half by 35.6% during the third 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 period. 92.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BNP Paribas downgraded 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. JPMorgan Chase & Co. reduced 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. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and upped their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.67.

Robert Half Stock Performance

Shares of Robert Half stock traded down $1.34 on Thursday, hitting $60.71. The company had a trading volume of 1,146,399 shares, compared to its average volume of 1,280,604. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 24.88 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25. The stock has a 50 day moving average of $70.66 and a 200-day moving average of $67.86.

Robert Half (NYSE:RHI - Get Free Report) last released 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 net margin of 4.34% and a return on equity of 17.20%. Equities analysts anticipate that Robert Half Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the 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 sale, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale 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.

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.