Checking in on Robert Half Inc. (RHI) after recent insiders movement


Robert Half Inc.’s recent filing unveils that its Executive Vice President GLASS ROBERT W unloaded Company’s shares for reported $1.11 million on Aug 29. In the deal valued at $75.15 per share,14,751 shares were sold. As a result of this transaction, GLASS ROBERT W now holds 209,927 shares worth roughly $ 15.46 million.

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Then, Kempthorne Dirk A sold 2,050 shares, generating $151,998 in total proceeds. Upon selling the shares at $74.15, the Director now owns 12,934 shares.

Before that, GLASS ROBERT W sold 12,500 shares. Robert Half Inc. shares valued at $1,011,812 were divested by the Executive Vice President at a price of $80.94 per share. As a result of the transaction, GLASS ROBERT W now holds 217,049 shares, worth roughly $15.99 million.

Redburn initiated its Robert Half Inc. [RHI] rating to a Neutral in a research note published on Tuesday, June 20, 2023; the price target was $76. PT values the company’s stock at a premium of 3.09 to its Tuesday closing price.

Price Performance Review of RHI

On Tuesday, Robert Half Inc. [NYSE:RHI] saw its stock fall -1.77% to $73.65. On the same session, the stock had its day’s lowest price of $72.785, but rose to a high of $74.60. Over the last five days, the stock has lost -1.37%. Robert Half Inc. shares have fallen nearly -0.24% since the year began. Nevertheless, the stocks have fallen -4.31% over the past one year. While a 52-week high of $89.78 was reached on 02/03/23, a 52-week low of $64.65 was recorded on 05/31/23. SMA at 50 days reached $76.49, while 200 days put it at $75.63. A total of 0.61 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For RHI Stock

The 24-hour chart illustrates a support level at 72.76, which if violated will result in even more drops to 71.86. On the upside, there is a resistance level at 74.57. A further resistance level may holdings at 75.49. The Relative Strength Index (RSI) on the 14-day chart is 42.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.41%. Stochastics %K at 50.60% indicates the stock is a holding.

How much short interest is there in Robert Half Inc.?

A steep rise in short interest was recorded in Robert Half Inc. stocks on Aug 14, 2023, dropping by -0.18 million shares to a total of 6.81 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.99 million shares. There was a decline of -2.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.43% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.72.

Robert Half Inc. [RHI] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 13,623,635 shares, or roughly 12.64% of the outstanding RHI shares. In other words, the investor’s shares have risen by 21,988 from its previous 13-F filing of 13601647.0. Additionally, The Vanguard Group, Inc. decreased -4.16% of its stake after which the total value it holdings stand at $924,699,068, while BlackRock Fund Advisors reduced -6.31% of its stake to hold $443.76 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 113,299 shares of Robert Half Inc., while AllianceBernstein LP bought -142,006 shares. At present, Geode Capital Management LLC is holding 2,809,473 shares valued at $208.32 million. Charles Schwab Investment Managem owned 2,577,552 shares of the company at the time of its most recent 13F filing, worth $191.13 million.

According to FactSet, Robert Half Inc.’s share price will average $71.69 in the next year, based on opinions of analysts polled by the firm. This is down nearly -6.64 percent from its previous closing price of $74.98. Analysts expect Robert Half Inc. stock to reach the higher price of $100.00, while the lowest price estimate is $53.00. However, 17 analysts have rated RHI stock as a Hold in their predictions for 2023.


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