SYM FINANCIAL Corp Increases Stock Holdings in Robert Half Inc. (NYSE:RHI)

SYM FINANCIAL Corp grew its holdings in shares of Robert Half Inc. (NYSE:RHI) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,817 shares of the business services provider’s stock after purchasing an additional 374 shares during the quarter. SYM FINANCIAL Corp’s holdings in Robert Half were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. OLD National Bancorp IN bought a new stake in shares of Robert Half during the 4th quarter valued at $225,000. Gries Financial LLC increased its position in Robert Half by 1.1% in the fourth quarter. Gries Financial LLC now owns 32,173 shares of the business services provider’s stock worth $2,267,000 after buying an additional 359 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in shares of Robert Half by 82.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 5,127 shares of the business services provider’s stock worth $361,000 after buying an additional 2,324 shares during the period. Tributary Capital Management LLC lifted its position in shares of Robert Half by 46.3% during the 4th quarter. Tributary Capital Management LLC now owns 13,575 shares of the business services provider’s stock valued at $956,000 after buying an additional 4,299 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Robert Half by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,326 shares of the business services provider’s stock valued at $868,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on RHI. BNP Paribas cut shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Monday, December 16th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their price target on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Robert Half has an average rating of “Hold” and an average target price of $73.67.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $64.92 on Monday. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 26.61 and a beta of 1.24. The firm has a fifty day moving average price of $71.39 and a 200 day moving average price of $67.94. 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 data on Wednesday, January 29th. The business services provider reported $0.53 EPS 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 16.87%. As a group, research analysts predict that Robert Half Inc. will post 2.8 earnings per share for the current year.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.