Robert Half Inc. $RHI Stake Reduced by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 79.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,292 shares of the business services provider’s stock after selling 27,429 shares during the quarter. AlphaQuest LLC’s holdings in Robert Half were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in Robert Half by 190.5% during the second quarter. AQR Capital Management LLC now owns 6,201,209 shares of the business services provider’s stock valued at $254,560,000 after purchasing an additional 4,066,328 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Robert Half by 1,478.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,145,456 shares of the business services provider’s stock valued at $47,021,000 after buying an additional 1,072,895 shares in the last quarter. Norges Bank acquired a new stake in shares of Robert Half during the 2nd quarter valued at $43,804,000. Man Group plc lifted its position in shares of Robert Half by 775.7% during the 2nd quarter. Man Group plc now owns 654,458 shares of the business services provider’s stock valued at $26,866,000 after acquiring an additional 579,719 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Robert Half by 174.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 879,314 shares of the business services provider’s stock worth $36,096,000 after acquiring an additional 559,175 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RHI. UBS Group reduced their target price on Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Robert Half from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Robert W. Baird set a $50.00 target price on shares of Robert Half in a research report on Friday, January 30th. Weiss Ratings restated a “sell (d)” rating on shares of Robert Half in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Robert Half from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $33.50.

Robert Half Price Performance

Shares of NYSE RHI opened at $29.40 on Wednesday. Robert Half Inc. has a one year low of $25.22 and a one year high of $61.16. The business’s 50-day moving average price is $28.38 and its two-hundred day moving average price is $31.05. The company has a market capitalization of $2.97 billion, a P/E ratio of 22.11 and a beta of 0.88.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Robert Half had a return on equity of 10.20% and a net margin of 2.47%.The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. On average, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

About Robert Half

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.