Grimes & Company Inc. Increases Stake in Robert Half Inc. (NYSE:RHI)

Grimes & Company Inc. boosted its position in shares of Robert Half Inc. (NYSE:RHI) by 4.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 225,508 shares of the business services provider’s stock after purchasing an additional 8,700 shares during the quarter. Grimes & Company Inc.’s holdings in Robert Half were worth $17,878,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RHI. Venturi Wealth Management LLC grew its position in Robert Half by 55.0% during the 4th 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 during the last quarter. CoreFirst Bank & Trust boosted its holdings in shares of Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter valued at about $43,000. GAMMA Investing LLC purchased a new stake in shares of Robert Half during the 4th quarter valued at about $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Robert Half by 72.2% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 260 shares during the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total transaction of $154,714.86. Following the sale, the director now owns 10,713 shares in the company, valued at approximately $746,267.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by company insiders.

Analyst Ratings Changes

RHI has been the topic of a number of recent analyst reports. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a report on Monday, April 22nd. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Tuesday, June 11th. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Robert W. Baird dropped their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.71.

Robert Half Price Performance

Shares of NYSE:RHI traded up $0.50 during trading on Friday, hitting $63.98. The company’s stock had a trading volume of 1,890,424 shares, compared to its average volume of 3,543,703. The company has a 50-day moving average of $67.01 and a 200-day moving average of $75.77. Robert Half Inc. has a 12 month low of $61.07 and a 12 month high of $88.39. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 5.18 and a beta of 1.25.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a net margin of 5.74% and a return on equity of 22.36%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business earned $1.14 EPS. The business’s quarterly revenue was down 14.0% on a year-over-year basis. As a group, research analysts anticipate that Robert Half Inc. will post 2.92 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Thursday, May 23rd. Robert Half’s payout ratio is 63.47%.

Robert Half 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.