First National Advisers LLC Raises Holdings in Robert Half Inc. (NYSE:RHI)

Key Points

• First National Advisers LLC increased its holdings in Robert Half Inc. by 46.8% during the first quarter, acquiring an additional 13,468 shares, bringing its total to 42,241 shares valued at $2,304,000.
• Institutional investors hold a significant portion of Robert Half's stock, with 92.41% of shares owned by them, including notable increases from firms like Mitsubishi UFJ Asset Management and Headlands Technologies.
• Analysts show mixed sentiments with two sell ratings and only one buy rating, while the average target price for the stock is currently set at $45.83.

First National Advisers LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 46.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,241 shares of the business services provider's stock after acquiring an additional 13,468 shares during the quarter. First National Advisers LLC's holdings in Robert Half were worth $2,304,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RHI. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Robert Half in the first quarter valued at $3,195,000. GAMMA Investing LLC raised its stake in shares of Robert Half by 92.9% in the first quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider's stock valued at $114,000 after buying an additional 1,007 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Robert Half by 4.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after buying an additional 3,248 shares during the period. Allworth Financial LP raised its stake in shares of Robert Half by 80.4% in the first quarter. Allworth Financial LP now owns 1,458 shares of the business services provider's stock valued at $80,000 after buying an additional 650 shares during the period. Finally, CX Institutional bought a new stake in shares of Robert Half in the first quarter valued at $33,000. 92.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on RHI shares. The Goldman Sachs Group decreased their price objective on Robert Half from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Wall Street Zen lowered Robert Half from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Robert Half presently has an average rating of "Hold" and an average price target of $45.83.

Robert Half Trading Down 0.8%

Shares of RHI traded down $0.31 during midday trading on Thursday, reaching $37.14. The stock had a trading volume of 1,011,825 shares, compared to its average volume of 1,693,266. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 21.27 and a beta of 1.00. Robert Half Inc. has a 12-month low of $36.96 and a 12-month high of $78.41. The company's 50-day moving average is $42.73 and its 200 day moving average is $50.74.

Robert Half (NYSE:RHI - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.35 billion. Robert Half had a return on equity of 13.00% and a net margin of 3.20%. Robert Half's quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. Research analysts forecast that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half 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.