Sequoia Financial Advisors LLC Makes New $298,000 Investment in Robert Half Inc. (NYSE:RHI)

Sequoia Financial Advisors LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,419 shares of the business services provider’s stock, valued at approximately $298,000.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Robert Half during the 1st quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc purchased a new stake in shares of Robert Half during the 2nd quarter worth approximately $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Robert Half during the 2nd quarter worth approximately $45,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of NYSE:RHI opened at $69.14 on Tuesday. The firm has a fifty day moving average price of $64.98 and a two-hundred day moving average price of $65.49. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 20.70 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts expect that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RHI shares. StockNews.com lowered shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets reduced their price objective on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. Finally, Barclays reduced their price objective on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $67.71.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

About Robert Half

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.