AlphaQuest LLC Sells 27,429 Shares of Robert Half Inc. $RHI

AlphaQuest LLC lessened its stake in shares of Robert Half Inc. (NYSE:RHI) by 79.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,292 shares of the business services provider’s stock after selling 27,429 shares during the quarter. AlphaQuest LLC’s holdings in Robert Half were worth $248,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in Robert Half by 19.3% during the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock valued at $2,092,000 after purchasing an additional 6,212 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Robert Half by 498.7% in the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Robert Half by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after buying an additional 7,523 shares during the last quarter. Empowered Funds LLC raised its holdings in Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after acquiring an additional 26,672 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Robert Half by 94.6% during the second quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock valued at $332,000 after acquiring an additional 3,937 shares during the period. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

Shares of RHI stock opened at $29.40 on Wednesday. The firm has a fifty day moving average of $28.38 and a 200-day moving average of $31.05. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 22.11 and a beta of 0.88. Robert Half Inc. has a 52-week low of $25.22 and a 52-week high of $61.16.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RHI shares. Robert W. Baird set a $50.00 price objective on Robert Half in a research note on Friday, January 30th. Truist Financial raised their target price on Robert Half from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, January 30th. BNP Paribas Exane downgraded Robert Half from a “neutral” rating to an “underperform” rating and set a $22.00 price target on the stock. in a research report on Friday, December 5th. UBS Group reduced 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. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $33.50.

Robert Half Company Profile

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.