New York State Common Retirement Fund Raises Holdings in Robert Half Inc. $RHI

New York State Common Retirement Fund increased its position in shares of Robert Half Inc. (NYSE:RHI) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 224,776 shares of the business services provider’s stock after buying an additional 38,839 shares during the period. New York State Common Retirement Fund owned about 0.22% of Robert Half worth $7,638,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its position in Robert Half by 80.3% during the second quarter. Pzena Investment Management LLC now owns 2,377,277 shares of the business services provider’s stock valued at $97,587,000 after purchasing an additional 1,058,569 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Robert Half in the third quarter worth about $1,204,000. Russell Investments Group Ltd. lifted its position in shares of Robert Half by 25.7% during the second quarter. Russell Investments Group Ltd. now owns 404,024 shares of the business services provider’s stock valued at $16,585,000 after buying an additional 82,645 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Robert Half by 531.4% in the 2nd quarter. Quadrature Capital Ltd now owns 28,371 shares of the business services provider’s stock valued at $1,165,000 after buying an additional 23,878 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Robert Half by 7.4% in the 2nd quarter. First Trust Advisors LP now owns 1,212,441 shares of the business services provider’s stock worth $49,771,000 after buying an additional 83,232 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Price Performance

NYSE RHI opened at $32.81 on Thursday. The stock’s fifty day moving average price is $28.14 and its 200 day moving average price is $31.43. Robert Half Inc. has a 1 year low of $25.22 and a 1 year high of $63.61. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 24.67 and a beta of 0.88.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on RHI. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. The Goldman Sachs Group upped their price target on Robert Half from $24.00 to $27.00 and gave the stock a “sell” rating in a research report on Tuesday. UBS Group lowered their price objective on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Robert Half has a consensus rating of “Reduce” and a consensus price target of $33.50.

About Robert Half

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.