KBC Group NV Cuts Stock Holdings in Robert Half Inc. (NYSE:RHI)

KBC Group NV decreased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 43.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,843 shares of the business services provider's stock after selling 39,838 shares during the quarter. KBC Group NV owned 0.05% of Robert Half worth $3,724,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Tributary Capital Management LLC lifted its holdings in shares of Robert Half by 46.3% in the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider's stock worth $956,000 after buying an additional 4,299 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Robert Half by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider's stock worth $868,000 after purchasing an additional 166 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Robert Half by 9.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,571 shares of the business services provider's stock valued at $322,000 after purchasing an additional 390 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Robert Half by 347.9% during the fourth quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after purchasing an additional 12,883 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Robert Half by 0.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 30,716 shares of the business services provider's stock valued at $2,164,000 after buying an additional 205 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

NYSE:RHI traded down $0.21 during trading hours on Tuesday, hitting $63.14. 1,061,226 shares of the company were exchanged, compared to its average volume of 1,291,519. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 25.88 and a beta of 1.23. The company's 50 day moving average price is $70.92 and its 200-day moving average price is $67.90.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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%. On average, equities analysts predict that Robert Half Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half 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 transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and increased their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas cut shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target on the stock. in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $73.67.

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.