Renaissance Technologies LLC Reduces Position in Robert Half Inc. $RHI

Renaissance Technologies LLC decreased its holdings in shares of Robert Half Inc. (NYSE:RHIFree Report) by 12.4% in the first quarter, HoldingsChannel reports. The fund owned 936,172 shares of the business services provider’s stock after selling 132,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Robert Half were worth $23,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada increased its position in Robert Half by 19.3% in the first quarter. Royal Bank of Canada now owns 38,352 shares of the business services provider’s stock worth $2,092,000 after buying an additional 6,212 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Robert Half by 498.7% during the 1st quarter. Jones Financial Companies Lllp now owns 6,813 shares of the business services provider’s stock valued at $372,000 after buying an additional 5,675 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Robert Half by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 304,359 shares of the business services provider’s stock valued at $16,603,000 after acquiring an additional 7,523 shares during the period. Empowered Funds LLC increased its holdings in Robert Half by 91.8% in the 1st quarter. Empowered Funds LLC now owns 55,719 shares of the business services provider’s stock worth $3,039,000 after acquiring an additional 26,672 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in Robert Half by 94.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,098 shares of the business services provider’s stock worth $332,000 after acquiring an additional 3,937 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RHI has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Robert W. Baird set a $47.00 price objective on shares of Robert Half in a research note on Monday. The Goldman Sachs Group raised their price objective on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Friday, July 24th. BMO Capital Markets upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a research note on Monday. Finally, Zacks Research raised shares of Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $34.75.

Get Our Latest Research Report on Robert Half

Robert Half Price Performance

RHI stock opened at $40.38 on Thursday. Robert Half Inc. has a 1-year low of $21.83 and a 1-year high of $42.25. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.11 and a beta of 0.82. The business has a 50 day simple moving average of $33.05 and a two-hundred day simple moving average of $28.66.

Robert Half (NYSE:RHIGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Robert Half Inc. will post 1.29 EPS for the current fiscal 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.

See Also

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

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