Blueshift Asset Management LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 7,412 shares of the business services provider's stock, valued at approximately $404,000.
Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock valued at $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Robert Half during the 4th quarter worth about $26,000. GeoWealth Management LLC acquired a new position in shares of Robert Half during the fourth quarter valued at about $35,000. Orion Capital Management LLC bought a new stake in shares of Robert Half in the fourth quarter valued at about $41,000. Finally, CX Institutional acquired a new stake in Robert Half during the first quarter worth about $33,000. 92.41% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
RHI has been the subject of several recent research reports. Barclays cut their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $47.00 to $45.00 and set a "neutral" rating on the stock in a report on Thursday, July 24th. Finally, BNP Paribas cut shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Robert Half presently has an average rating of "Hold" and a consensus price target of $45.83.
Check Out Our Latest Research Report on RHI
Robert Half Price Performance
Robert Half stock opened at $35.34 on Friday. The business has a 50 day simple moving average of $42.19 and a 200 day simple moving average of $50.22. The company has a market capitalization of $3.61 billion, a PE ratio of 20.19 and a beta of 1.02. Robert Half Inc. has a one year low of $35.22 and a one year high of $78.41.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. During the same period last year, the business earned $0.66 earnings per share. The business's revenue was down 7.0% on a year-over-year basis. Equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.
About Robert Half
(
Free Report)
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.
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