SG Americas Securities LLC boosted its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 347.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,586 shares of the business services provider's stock after acquiring an additional 12,883 shares during the quarter. SG Americas Securities LLC's holdings in Robert Half were worth $1,169,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Robert Half during the third quarter valued at $27,000. Private Trust Co. NA boosted its position in shares of Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Robert Half in the third quarter worth approximately $34,000. Eastern Bank bought a new stake in Robert Half in the fourth quarter worth approximately $35,000. Finally, GAMMA Investing LLC lifted its position in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock valued at $46,000 after acquiring an additional 179 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.
Robert Half Stock Performance
RHI stock traded up $0.18 during midday trading on Tuesday, reaching $70.36. 1,016,234 shares of the company's stock traded hands, compared to its average volume of 929,108. The firm has a market capitalization of $7.26 billion, a PE ratio of 25.68 and a beta of 1.24. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The company has a 50-day moving average price of $71.86 and a two-hundred day moving average price of $67.88.
Analyst Ratings Changes
A number of brokerages recently commented on RHI. Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. 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 note on Friday, December 13th. BNP Paribas downgraded Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target for the company. in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.33.
View Our Latest Research Report on Robert Half
Insider Transactions at Robert Half
In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm'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 sale, the director now directly owns 12,310 shares of the company's stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company's stock.
Robert Half Company Profile
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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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