793 Shares in Robert Half Inc. (NYSE:RHI) Purchased by Friedenthal Financial

Friedenthal Financial bought a new stake in shares of Robert Half Inc. (NYSE:RHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 793 shares of the business services provider’s stock, valued at approximately $56,000.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter valued at $27,000. Private Trust Co. NA boosted its stake in shares of Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC bought a new position in shares of Robert Half in the third quarter worth about $34,000. Eastern Bank purchased a new position in Robert Half in the 4th quarter worth about $35,000. Finally, GAMMA Investing LLC lifted its holdings in Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after buying an additional 179 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. BNP Paribas cut Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. One 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $74.33.

Robert Half Stock Up 2.2 %

Shares of NYSE RHI traded up $1.41 during mid-day trading on Monday, reaching $66.90. 1,146,718 shares of the company were exchanged, compared to its average volume of 1,028,145. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25. The firm has a 50-day moving average of $72.77 and a 200 day moving average of $67.35. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 24.42 and a beta of 1.24.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. On average, equities analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, November 25th. Robert Half’s payout ratio is presently 77.37%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

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.