Wealth Enhancement Advisory Services LLC Lowers Stock Position in Robert Half Inc. $RHI

Wealth Enhancement Advisory Services LLC reduced its position in shares of Robert Half Inc. (NYSE:RHI) by 28.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,501 shares of the business services provider’s stock after selling 34,491 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Robert Half were worth $2,935,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RHI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Robert Half in the 2nd quarter worth approximately $34,000. Caitong International Asset Management Co. Ltd grew its position in Robert Half by 927.7% during the second quarter. Caitong International Asset Management Co. Ltd now owns 853 shares of the business services provider’s stock valued at $35,000 after buying an additional 770 shares during the period. True Wealth Design LLC increased its holdings in Robert Half by 393.8% during the second quarter. True Wealth Design LLC now owns 963 shares of the business services provider’s stock worth $40,000 after buying an additional 768 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Robert Half by 362.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,239 shares of the business services provider’s stock worth $42,000 after acquiring an additional 971 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in shares of Robert Half by 20,257.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,425 shares of the business services provider’s stock worth $48,000 after purchasing an additional 1,418 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of Robert Half stock opened at $26.95 on Thursday. Robert Half Inc. has a 1 year low of $25.22 and a 1 year high of $70.35. The firm has a market cap of $2.73 billion, a PE ratio of 17.50 and a beta of 0.85. The company has a 50 day simple moving average of $27.64 and a two-hundred day simple moving average of $31.76.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial set a $35.00 target price on Robert Half in a research note on Friday, December 12th. UBS Group cut their price objective on shares of Robert Half from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, October 23rd. Barclays reduced their price target on Robert Half from $45.00 to $36.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Robert W. Baird set a $22.00 target price on Robert Half in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Robert Half in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $30.63.

Robert Half Company 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.