Trust Point Inc. Invests $422,000 in Robert Half Inc. (NYSE:RHI)

Trust Point Inc. purchased a new position in Robert Half Inc. (NYSE:RHI) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,994 shares of the business services provider’s stock, valued at approximately $422,000.

Other institutional investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its stake in Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock valued at $315,569,000 after acquiring an additional 1,049,005 shares during the last quarter. FORA Capital LLC bought a new position in Robert Half in the third quarter valued at $1,792,000. SG Americas Securities LLC increased its stake in Robert Half by 347.9% in 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 acquiring an additional 12,883 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Robert Half by 20.5% in the third quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider’s stock valued at $18,232,000 after acquiring an additional 46,100 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Robert Half by 828.9% in the third quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider’s stock valued at $31,249,000 after acquiring an additional 413,664 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 1.7 %

Robert Half stock opened at $62.00 on Thursday. The firm has a 50-day moving average of $70.66 and a 200-day moving average of $67.86. The firm has a market cap of $6.40 billion, a P/E ratio of 25.41 and a beta of 1.23. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. Research analysts forecast that Robert Half Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on RHI. JPMorgan Chase & Co. reduced their target price on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a research report on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, BNP Paribas lowered shares of 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. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.67.

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.