54,741 Shares in Robert Half Inc. $RHI Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in Robert Half Inc. (NYSE:RHIFree Report) during the third quarter, Holdings Channel.com reports. The fund bought 54,741 shares of the business services provider’s stock, valued at approximately $1,860,000.

Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Robert Half in the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd raised its stake in Robert Half by 927.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 770 shares during the last quarter. True Wealth Design LLC boosted its holdings in Robert Half by 393.8% in the 2nd quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 768 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Robert Half by 362.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock worth $42,000 after purchasing an additional 971 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Robert Half by 20,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,418 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half News Roundup

Here are the key news stories impacting Robert Half this week:

Robert Half Price Performance

Shares of NYSE:RHI opened at $34.55 on Friday. The business’s fifty day moving average price is $27.81 and its two-hundred day moving average price is $31.68. Robert Half Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $66.25. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 25.97 and a beta of 0.85.

Robert Half (NYSE:RHIGet Free Report) last issued its earnings results on Thursday, January 29th. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Research analysts expect that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BNP Paribas Exane cut shares of Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Friday, December 5th. Zacks Research cut Robert Half from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 19th. UBS Group decreased their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Finally, Truist Financial set a $40.00 target price on Robert Half in a research report on Friday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $33.00.

Read Our Latest Analysis on Robert Half

Robert Half Profile

(Free Report)

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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