Robert Half Inc. $RHI Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Robert Half Inc. (NYSE:RHI) by 163.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,936 shares of the business services provider’s stock after purchasing an additional 176,882 shares during the period. Sei Investments Co.’s holdings in Robert Half were worth $7,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RHI. AQR Capital Management LLC boosted its holdings in Robert Half by 190.5% in the 2nd 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 in the last quarter. Pzena Investment Management LLC raised its stake in shares of Robert Half by 35.8% during the 1st quarter. Pzena Investment Management LLC now owns 5,966,734 shares of the business services provider’s stock worth $151,555,000 after buying an additional 1,571,883 shares in the last quarter. Capital World Investors raised its stake in shares of Robert Half by 36.0% during the 4th quarter. Capital World Investors now owns 5,902,279 shares of the business services provider’s stock worth $160,306,000 after buying an additional 1,561,146 shares in the last quarter. Brickwood Asset Management LLP acquired a new stake in shares of Robert Half in the 4th quarter valued at approximately $34,908,000. Finally, Norges Bank acquired a new stake in shares of Robert Half in the 4th quarter valued at approximately $33,832,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of NYSE RHI opened at $37.83 on Monday. The firm’s 50-day moving average is $33.46 and its two-hundred day moving average is $28.78. The company has a market capitalization of $3.87 billion, a PE ratio of 32.89 and a beta of 0.79. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $42.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, July 23rd. The business services provider reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Robert Half had a net margin of 2.17% and a return on equity of 9.18%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.41 EPS. The company’s revenue was down 2.4% on a year-over-year basis. On average, analysts forecast that Robert Half Inc. will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. BMO Capital Markets upgraded Robert Half from a “market perform” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Monday, July 27th. Zacks Research raised Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Robert W. Baird set a $47.00 target price on shares of Robert Half in a research report on Monday, July 27th. William Blair raised shares of Robert Half from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price target on shares of Robert Half from $26.00 to $29.00 and gave the company a “sell” rating in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $34.75.

Robert Half Profile

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.