WCM Investment Management LLC Has $4.48 Million Stock Position in Robert Half Inc. (NYSE:RHI)

WCM Investment Management LLC grew its holdings in Robert Half Inc. (NYSE:RHI) by 239.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,614 shares of the business services provider’s stock after purchasing an additional 44,879 shares during the period. WCM Investment Management LLC owned about 0.06% of Robert Half worth $4,475,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RHI. Sanctuary Advisors LLC bought a new stake in Robert Half during the 2nd quarter worth about $350,000. GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares during the last quarter. CWM LLC raised its holdings in Robert Half by 130.1% during the third quarter. CWM LLC now owns 36,387 shares of the business services provider’s stock worth $2,453,000 after acquiring an additional 20,574 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Robert Half by 12,700.0% during the third quarter. Exchange Traded Concepts LLC now owns 12,160 shares of the business services provider’s stock valued at $820,000 after purchasing an additional 12,065 shares during the last quarter. Finally, Creative Planning grew its stake in Robert Half by 2.9% in the third quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock valued at $1,212,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RHI shares. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. cut their price target on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. BNP Paribas lowered shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, December 16th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.67.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Robert Half Price Performance

Shares of RHI opened at $59.30 on Monday. The company’s 50-day moving average is $70.08 and its 200-day moving average is $67.80. The firm has a market capitalization of $6.12 billion, a PE ratio of 24.30 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Analysts predict that Robert Half Inc. will post 2.53 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.