EA Series Trust bought a new position in shares of Robert Half Inc. (NYSE:RHI – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,998 shares of the business services provider’s stock, valued at approximately $226,000.
Several other hedge funds have also recently added to or reduced their stakes in RHI. Resurgent Financial Advisors LLC purchased a new stake in shares of Robert Half in the 4th quarter valued at approximately $27,000. Salem Investment Counselors Inc. purchased a new position in Robert Half in the second quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Robert Half in the fourth quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in Robert Half by 964.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 362 shares of the business services provider’s stock worth $29,000 after buying an additional 328 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Robert Half during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 91.63% of the company’s stock.
Robert Half Stock Performance
NYSE RHI opened at $72.46 on Tuesday. The firm’s fifty day moving average is $74.33 and its two-hundred day moving average is $73.69. Robert Half Inc. has a one year low of $64.65 and a one year high of $89.78. The firm has a market cap of $7.76 billion, a PE ratio of 14.38 and a beta of 1.29.
Robert Half Announces Dividend
Insiders Place Their Bets
In other news, EVP Robert W. Glass sold 14,751 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $75.15, for a total value of $1,108,537.65. Following the transaction, the executive vice president now owns 209,927 shares of the company’s stock, valued at $15,776,014.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Robert W. Glass sold 14,751 shares of Robert Half stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $75.15, for a total value of $1,108,537.65. Following the sale, the executive vice president now owns 209,927 shares of the company’s stock, valued at $15,776,014.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dirk A. Kempthorne sold 2,050 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $74.15, for a total transaction of $152,007.50. Following the transaction, the director now owns 12,934 shares in the company, valued at $959,056.10. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on RHI. Robert W. Baird cut their target price on Robert Half from $88.00 to $82.00 in a research report on Wednesday, July 26th. UBS Group boosted their price objective on shares of Robert Half from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Credit Suisse Group lowered their target price on shares of Robert Half from $63.00 to $57.00 in a report on Wednesday, July 26th. Bank of America cut their price target on shares of Robert Half from $63.00 to $53.00 in a research note on Thursday, July 27th. Finally, BMO Capital Markets decreased their price objective on shares of Robert Half from $84.00 to $76.00 in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Robert Half currently has an average rating of “Hold” and a consensus price target of $72.11.
Get Our Latest Stock Report on Robert Half
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 three segments: Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti. 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.
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