Robert Half Inc. $RHI Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC reduced its stake in shares of Robert Half Inc. (NYSE:RHI) by 42.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,635 shares of the business services provider’s stock after selling 12,128 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Robert Half were worth $611,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in shares of Robert Half during the second quarter valued at about $7,727,000. Proficio Capital Partners LLC bought a new stake in shares of Robert Half in the second quarter valued at about $387,000. Cornerstone Capital Inc. acquired a new stake in Robert Half during the second quarter worth about $8,136,000. Legal & General Group Plc acquired a new stake in Robert Half during the second quarter worth about $9,450,000. Finally, Tidal Investments LLC grew its position in Robert Half by 34.4% during the second quarter. Tidal Investments LLC now owns 62,884 shares of the business services provider’s stock worth $1,931,000 after buying an additional 16,101 shares in the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RHI shares. BMO Capital Markets boosted their price target on Robert Half from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, October 26th. Barclays raised their price objective on Robert Half from $25.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Truist Financial lifted their price objective on Robert Half from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Weiss Ratings upgraded Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.75.

Robert Half Stock Up 2.4%

Shares of Robert Half stock opened at $44.76 on Thursday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 37.00 and a beta of 0.76. The company has a 50-day simple moving average of $38.76 and a 200 day simple moving average of $32.47. Robert Half Inc. has a 12-month low of $21.83 and a 12-month high of $47.14.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. Robert Half had a net margin of 2.30% and a return on equity of 9.89%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. On average, equities analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $2.36 annualized dividend and a dividend yield of 5.3%. Robert Half’s dividend payout ratio (DPR) is presently 195.04%.

Robert Half Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.