Martin Capital Partners LLC Has $2 Million Holdings in Robert Half Inc. (NYSE:RHI)

Martin Capital Partners LLC trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 44.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,428 shares of the business services provider’s stock after selling 22,353 shares during the period. Robert Half comprises about 2.4% of Martin Capital Partners LLC’s investment portfolio, making the stock its 17th largest holding. Martin Capital Partners LLC’s holdings in Robert Half were worth $2,003,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Truist Financial Corp lifted its stake in Robert Half by 1.3% in the 2nd quarter. Truist Financial Corp now owns 28,271 shares of the business services provider’s stock valued at $1,809,000 after acquiring an additional 350 shares in the last quarter. Cetera Investment Advisers grew its holdings in Robert Half by 2.4% during the second quarter. Cetera Investment Advisers now owns 66,300 shares of the business services provider’s stock worth $4,242,000 after purchasing an additional 1,571 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Robert Half during the 2nd quarter worth approximately $350,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Robert Half in the 2nd quarter valued at $672,000. Finally, Handelsbanken Fonder AB raised its stake in Robert Half by 25.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 26,500 shares of the business services provider’s stock valued at $1,786,000 after acquiring an additional 5,400 shares during the period. 92.41% of the stock is currently owned by institutional investors.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $63.14 on Wednesday. The firm has a market cap of $6.52 billion, a PE ratio of 25.88 and a beta of 1.23. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The firm’s fifty day moving average is $70.92 and its 200-day moving average is $67.90.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a net margin of 4.34% and a return on equity of 17.20%. Sell-side analysts forecast that Robert Half Inc. will post 2.63 EPS for the current year.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RHI shares. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 target price for the company. in a research report on Monday, December 16th. Finally, Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has a consensus rating of “Hold” and an average price target of $73.67.

About Robert Half

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.