Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Robert Half Inc. shares valued at $151,998 were sold by Kempthorne Dirk A on Aug 08. At $74.15 per share, Kempthorne Dirk A sold 2,050 shares. The insider’s holdings dropped to 12,934 shares worth approximately $0.96 million following the completion of this transaction.
Also, GLASS ROBERT W sold 12,500 shares, netting a total of over 1,011,812 in proceeds. Following the sale of shares at $80.94 each, the insider now holds 217,049 shares.
Before that, Kempthorne Dirk A had sold 3,456 shares from its account. In a trade valued at $278,338, the Director traded Robert Half Inc. shares for $80.54 each. Upon closing the transaction, the insider’s holdings decreased to 3,456 shares, worth approximately $0.8 million.
As published in their initiating research note from Redburn on June 20, 2023, Robert Half Inc. [RHI] has been a Neutral and the price target has been revised to $76. This represents a 2.34% premium over Thursday’s closing price.
Analyzing RHI Stock Performance
On Thursday, Robert Half Inc. [NYSE: RHI] plunged -1.39% to $74.22. The stock’s lowest price that day was $74.21, but it reached a high of $75.54 in the same session. During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Robert Half Inc. shares have jumped approximately 0.53%. Shares of the company reached a 52-week high of $89.78 on 02/03/23 and a 52-week low of $64.65 on 05/31/23. A 50-day SMA is recorded $76.08, while a 200-day SMA reached $75.72. Nevertheless, trading volume fell to 0.69 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Robert Half Inc. (RHI)
According to the 24-hour chart, there is a support level at 73.77, which, if violated, would cause prices to drop to 73.33. In the upper region, resistance lies at 75.10. The next price resistance is at 75.99. RSI (Relative Strength Index) is 42.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 77.52%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Robert Half Inc. subject to short interest?
Stocks of Robert Half Inc. saw a sharp steep in short interest on Jul 30, 2023 dropping by -0.26 million shares to 7.25 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 7.51 million shares. A decline of -3.59% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.36 of the overall float, the days-to-cover ratio (short ratio) decline to 5.36.
Which companies own the most shares of Robert Half Inc. (RHI)?
According to Capital Research & Management Co filings, the company currently owns 13,623,635 shares, which is about 12.64% of the total RHI shares outstanding. The investor’s shares have appreciated by 21,988 from its previous 13-F filing of 13601647.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $924,699,068. BlackRock Fund Advisors reduced a -6.31% interest valued at $443.76 million while SSgA Funds Management, Inc. purchased a 113,299 stake. A total of -142,006 shares of Robert Half Inc. were bought by AllianceBernstein LP during the quarter, and 76,512 were bought by Geode Capital Management LLC. In its current portfolio, Charles Schwab Investment Managem holds 2,577,552 shares valued at $191.13 million.
In terms of Robert Half Inc. share price expectations, FactSet research, analysts set an average price target of $71.69 in the next 12 months, down nearly -7.0% from the previous closing price of $75.27. Analysts anticipate Robert Half Inc. stock to reach $100.00 by 2023, with the lowest price target being $53.00.