Robert Half Inc. (NYSE:RHI) Stock Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Robert Half Inc. (NYSE:RHI) by 6.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,097 shares of the business services provider’s stock after purchasing an additional 1,722 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Robert Half were worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

RHI has been the topic of several recent research reports. Truist Financial set a $55.00 price objective on shares of Robert Half and gave the company a “buy” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $47.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, July 24th. Barclays dropped their price target on shares of Robert Half from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on shares of Robert Half from $46.00 to $40.00 and set a “sell” rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Robert Half from a “sell” rating to a “hold” rating in a research report on Sunday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.83.

Robert Half Trading Down 4.3%

Shares of Robert Half stock opened at $35.34 on Monday. The company’s fifty day simple moving average is $42.19 and its 200-day simple moving average is $49.93. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 20.19 and a beta of 1.02. Robert Half Inc. has a 1 year low of $35.22 and a 1 year high of $78.41.

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, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. Robert Half had a net margin of 3.20% and a return on equity of 13.00%. Robert Half’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. As a group, research analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

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.