Frank Rimerman Advisors LLC Acquires New Stake in Robert Half Inc. $RHI

Frank Rimerman Advisors LLC purchased a new stake in shares of Robert Half Inc. (NYSE:RHIFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 54,741 shares of the business services provider’s stock, valued at approximately $1,860,000. Frank Rimerman Advisors LLC owned 0.05% of Robert Half as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half in the second quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Robert Half by 927.7% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock worth $35,000 after acquiring an additional 770 shares during the last quarter. True Wealth Design LLC raised its position in shares of Robert Half by 393.8% during the second quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock worth $40,000 after purchasing an additional 768 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Robert Half by 362.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 971 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in Robert Half by 20,257.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,418 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Robert Half from $31.00 to $27.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Robert W. Baird set a $50.00 price objective on shares of Robert Half in a research report on Friday. Barclays reduced their target price on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price objective on Robert Half from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $33.00.

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Robert Half News Roundup

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Robert Half Price Performance

Shares of RHI stock opened at $34.55 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 25.97 and a beta of 0.85. Robert Half Inc. has a fifty-two week low of $25.22 and a fifty-two week high of $66.25. The stock’s 50-day moving average is $27.81 and its two-hundred day moving average is $31.68.

Robert Half (NYSE:RHIGet Free Report) last released its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. Robert Half had a net margin of 2.47% and a return on equity of 10.20%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.53 EPS. Robert Half’s quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts expect that Robert Half Inc. will post 2.48 EPS for the current year.

About Robert Half

(Free Report)

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest?standing and best?known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.

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Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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