Robert Half Inc. (NYSE:RHI) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lessened its holdings in shares of Robert Half Inc. (NYSE:RHI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,881 shares of the business services provider’s stock after selling 267 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Robert Half were worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. OLD National Bancorp IN acquired a new stake in Robert Half during the fourth quarter worth approximately $225,000. Gries Financial LLC raised its stake in Robert Half by 1.1% during the 4th quarter. Gries Financial LLC now owns 32,173 shares of the business services provider’s stock worth $2,267,000 after acquiring an additional 359 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in Robert Half by 82.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 5,127 shares of the business services provider’s stock worth $361,000 after acquiring an additional 2,324 shares in the last quarter. Tributary Capital Management LLC lifted its position in Robert Half by 46.3% in the fourth quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock valued at $956,000 after acquiring an additional 4,299 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Robert Half by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s 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 transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

Shares of NYSE RHI opened at $64.92 on Friday. The company has a market cap of $6.70 billion, a PE ratio of 26.61 and a beta of 1.24. The stock has a fifty day moving average price of $71.39 and a 200 day moving average price of $67.92. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 16.87%. Analysts anticipate that Robert Half Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

RHI has been the topic of a number of research analyst reports. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.