Robert Half Inc. (NYSE:RHI) Shares Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP lifted its holdings in Robert Half Inc. (NYSE:RHI) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,629 shares of the business services provider’s stock after acquiring an additional 962 shares during the period. Capital Performance Advisors LLP’s holdings in Robert Half were worth $467,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RHI. V Square Quantitative Management LLC acquired a new stake in Robert Half during the 3rd quarter valued at $27,000. Private Trust Co. NA grew its holdings in Robert Half by 79.7% during the 3rd 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 in the last quarter. Reston Wealth Management LLC acquired a new stake in Robert Half during the 3rd quarter valued at $34,000. Eastern Bank acquired a new stake in Robert Half during the 4th quarter valued at $35,000. Finally, Venturi Wealth Management LLC grew its holdings in Robert Half by 310.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 602 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Performance

Robert Half stock opened at $60.12 on Monday. The firm’s 50-day moving average is $68.56 and its 200-day moving average is $67.67. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25. The company has a market cap of $6.21 billion, a P/E ratio of 24.64 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, sell-side analysts predict that Robert Half Inc. will post 2.53 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be given a $0.59 dividend. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 86.89%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.92.

About Robert Half

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.