Jupiter Asset Management Ltd. Invests $71.18 Million in Robert Half Inc. (NYSE:RHI)

Jupiter Asset Management Ltd. bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,304,766 shares of the business services provider’s stock, valued at approximately $71,175,000. Jupiter Asset Management Ltd. owned 1.28% of Robert Half at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RHI. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Robert Half in the first quarter valued at approximately $3,195,000. GAMMA Investing LLC grew its position in Robert Half by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 2,091 shares of the business services provider’s stock worth $114,000 after acquiring an additional 1,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Robert Half by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider’s stock valued at $4,166,000 after purchasing an additional 3,248 shares during the last quarter. Allworth Financial LP raised its position in Robert Half by 80.4% in the 1st quarter. Allworth Financial LP now owns 1,458 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 650 shares during the last quarter. Finally, CX Institutional acquired a new position in Robert Half in the first quarter worth $33,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 4.3%

Shares of NYSE RHI opened at $35.34 on Friday. Robert Half Inc. has a 1 year low of $35.22 and a 1 year high of $78.41. The firm’s 50-day moving average is $42.19 and its 200-day moving average is $50.22. The firm has a market capitalization of $3.61 billion, a PE ratio of 20.19 and a beta of 1.02.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RHI. Wall Street Zen lowered Robert Half from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a “buy” rating in a research note on Thursday, April 24th. BNP Paribas Exane lowered shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. The Goldman Sachs Group lowered their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, April 24th. Finally, BNP Paribas cut shares of Robert Half from an “outperform” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.83.

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.