Janney Montgomery Scott LLC Acquires 390 Shares of Robert Half Inc. (NYSE:RHI)

Janney Montgomery Scott LLC boosted its holdings in Robert Half Inc. (NYSE:RHI) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,571 shares of the business services provider’s stock after purchasing an additional 390 shares during the period. Janney Montgomery Scott LLC’s holdings in Robert Half were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of Robert Half in the 3rd quarter worth about $27,000. Private Trust Co. NA raised its position in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares during the period. Reston Wealth Management LLC purchased a new position in Robert Half in the third quarter valued at about $34,000. Eastern Bank bought a new position in shares of Robert Half during the 4th quarter valued at approximately $35,000. Finally, GAMMA Investing LLC raised its stake in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 0.3 %

Shares of RHI opened at $59.24 on Wednesday. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25. The company has a market cap of $6.12 billion, a PE ratio of 24.28 and a beta of 1.23. The stock has a 50-day moving average price of $69.49 and a 200-day moving average price of $67.78.

Robert Half (NYSE:RHI) last announced its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) 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 17.20%. As a group, analysts predict that Robert Half Inc. will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the subject of several research reports. Truist Financial upgraded 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. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price for the company in a report on Monday. Finally, Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $60.00 to $80.00 in a report on Friday, January 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.92.

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.