Miller Howard Investments Inc. NY Reduces Stock Holdings in Robert Half Inc. (NYSE:RHI)

Miller Howard Investments Inc. NY cut its position in shares of Robert Half Inc. (NYSE:RHI) by 0.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 543,732 shares of the business services provider’s stock after selling 2,683 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Robert Half were worth $38,311,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RHI. Mawer Investment Management Ltd. increased its holdings in shares of Robert Half by 28.9% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after buying an additional 1,049,005 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Robert Half during the third quarter worth $41,096,000. Janus Henderson Group PLC raised its position 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 purchasing an additional 413,664 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Robert Half by 41.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock valued at $69,276,000 after purchasing an additional 303,421 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Robert Half by 20.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after purchasing an additional 225,210 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

Robert Half Stock Down 2.3 %

NYSE:RHI opened at $59.30 on Friday. The company has a fifty day simple moving average of $70.08 and a two-hundred day simple moving average of $67.76. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 24.30 and a beta of 1.23.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 EPS 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%. On average, analysts expect that Robert Half Inc. will post 2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RHI shares. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research report on Monday, December 16th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price target 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.