J.P. Morgan Private Wealth Advisors LLC Reduces Position in Robert Half Inc. (NYSE:RHI)

J.P. Morgan Private Wealth Advisors LLC cut its holdings in shares of Robert Half Inc. (NYSE:RHIFree Report) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,777 shares of the business services provider’s stock after selling 2,001 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Robert Half were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC boosted its stake in Robert Half by 25.9% during the 3rd quarter. New York Life Investment Management LLC now owns 27,087 shares of the business services provider’s stock valued at $1,985,000 after purchasing an additional 5,570 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Robert Half by 10.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,551 shares of the business services provider’s stock valued at $773,000 after purchasing an additional 1,037 shares in the last quarter. Boston Partners boosted its stake in Robert Half by 61.5% during the 3rd quarter. Boston Partners now owns 2,395,745 shares of the business services provider’s stock valued at $175,400,000 after purchasing an additional 911,969 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Robert Half by 32.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 57,304 shares of the business services provider’s stock valued at $4,199,000 after purchasing an additional 14,152 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in Robert Half by 190.1% during the 3rd quarter. Quantbot Technologies LP now owns 24,057 shares of the business services provider’s stock valued at $1,763,000 after purchasing an additional 15,764 shares in the last quarter. 91.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RHI shares. BMO Capital Markets decreased their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. StockNews.com raised Robert Half from a “hold” rating to a “buy” rating in a research note on Sunday, October 15th. UBS Group assumed coverage on Robert Half in a research note on Tuesday, November 7th. They set a “sell” rating and a $60.00 price target for the company. Finally, Truist Financial raised their price objective on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.57.

View Our Latest Analysis on RHI

Robert Half Stock Up 0.7 %

RHI opened at $81.14 on Friday. The business has a fifty day simple moving average of $83.20 and a 200-day simple moving average of $78.25. The firm has a market cap of $8.59 billion, a PE ratio of 20.97, a P/E/G ratio of 19.87 and a beta of 1.28. Robert Half Inc. has a fifty-two week low of $64.65 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHIGet Free Report) last released its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. On average, equities research analysts anticipate that Robert Half Inc. will post 3.38 EPS for the current fiscal year.

Robert Half Profile

(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 three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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