Capital Investment Counsel Inc Has $326,000 Holdings in Robert Half Inc. (NYSE:RHI)

Capital Investment Counsel Inc increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,705 shares of the business services provider’s stock after purchasing an additional 245 shares during the quarter. Capital Investment Counsel Inc’s holdings in Robert Half were worth $326,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its stake in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares in the last quarter. Larson Financial Group LLC acquired a new position in Robert Half during the third quarter worth $39,000. CoreFirst Bank & Trust increased its holdings in Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after buying an additional 440 shares during the last quarter. Orion Capital Management LLC bought a new stake in Robert Half during the third quarter worth $43,000. Finally, GAMMA Investing LLC acquired a new stake in Robert Half in the fourth quarter valued at $46,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI opened at $70.02 on Tuesday. The company has a market capitalization of $7.36 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 17.51 and a beta of 1.26. The business has a fifty day simple moving average of $76.78 and a 200 day simple moving average of $79.37. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $1.14 earnings per share. Robert Half’s quarterly revenue was down 14.0% on a year-over-year basis. Equities analysts anticipate that Robert Half Inc. will post 3.3 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio is presently 63.47%.

Insider Activity

In related news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total transaction of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RHI. Robert W. Baird lowered their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research note on Monday, April 22nd. Finally, BMO Capital Markets dropped their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and a consensus target price of $68.14.

Robert Half Company Profile

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.