Trust Point Inc. Takes Position in Robert Half Inc. (NYSE:RHI)

Trust Point Inc. acquired a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,994 shares of the business services provider's stock, valued at approximately $422,000.

A number of other hedge funds have also made changes to their positions in the stock. Mawer Investment Management Ltd. lifted its position in 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. Point72 Asset Management L.P. acquired a new position in Robert Half during the 3rd quarter worth $41,096,000. Janus Henderson Group PLC boosted its stake in shares of Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock valued at $31,249,000 after purchasing an additional 413,664 shares during the last quarter. Pzena Investment Management LLC increased its holdings in Robert Half by 41.9% in the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider's stock valued at $69,276,000 after purchasing an additional 303,421 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Robert Half by 20.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider's stock worth $90,534,000 after purchasing an additional 225,210 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RHI has been the topic of a number of research reports. Truist Financial upgraded Robert Half from a "hold" rating to a "buy" rating and boosted their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas downgraded Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target on the stock. in a research report on Monday, December 16th. Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock 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 issued a buy rating to the company's stock. According to MarketBeat, Robert Half currently has a consensus rating of "Hold" and an average price target of $73.67.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were 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 directly owns 12,310 shares of the company's stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

Robert Half Stock Down 2.3 %

Shares of Robert Half stock traded down $1.40 during trading on Friday, hitting $59.30. 1,207,462 shares of the stock traded hands, compared to its average volume of 1,308,436. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 24.30 and a beta of 1.23. The firm's fifty day moving average is $70.08 and its 200-day moving average is $67.76. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. On average, analysts forecast that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

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.