Barnes Dennig Private Wealth Management LLC Makes New $2.82 Million Investment in Robert Half Inc. (NYSE:RHI)

Barnes Dennig Private Wealth Management LLC acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 51,740 shares of the business services provider's stock, valued at approximately $2,822,000. Robert Half comprises approximately 4.3% of Barnes Dennig Private Wealth Management LLC's investment portfolio, making the stock its 8th biggest position. Barnes Dennig Private Wealth Management LLC owned about 0.05% of Robert Half as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RHI. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Robert Half by 4.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,378 shares of the business services provider's stock valued at $4,166,000 after buying an additional 3,248 shares during the period. Smartleaf Asset Management LLC grew its stake in Robert Half by 48.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 794 shares of the business services provider's stock valued at $56,000 after acquiring an additional 258 shares during the period. CX Institutional acquired a new position in Robert Half in the first quarter valued at about $33,000. HighTower Advisors LLC increased its holdings in shares of Robert Half by 2.4% in the fourth quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock worth $2,601,000 after acquiring an additional 863 shares in the last quarter. Finally, Atria Investments Inc raised its position in shares of Robert Half by 35.5% during the fourth quarter. Atria Investments Inc now owns 4,168 shares of the business services provider's stock worth $294,000 after purchasing an additional 1,093 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. BNP Paribas Exane downgraded shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective for the company. in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Truist Financial set a $55.00 target price on shares of Robert Half and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded Robert Half from a "sell" rating to a "hold" rating in a report on Friday, June 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Robert Half has a consensus rating of "Hold" and an average price target of $48.71.

Robert Half Stock Down 0.4%

Shares of RHI stock traded down $0.18 during trading on Friday, reaching $42.85. The company's stock had a trading volume of 915,157 shares, compared to its average volume of 1,381,034. Robert Half Inc. has a one year low of $39.61 and a one year high of $78.41. The business has a fifty day moving average price of $44.25 and a 200-day moving average price of $54.23. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 21.43 and a beta of 1.00.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.19). Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm earned $0.61 earnings per share. The company's quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a dividend of $0.59 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.51%. Robert Half's dividend payout ratio (DPR) is presently 118.00%.

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.