Grimes & Company Inc. Purchases 20,886 Shares of Robert Half Inc. (NYSE:RHI)

Grimes & Company Inc. increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,775 shares of the business services provider's stock after purchasing an additional 20,886 shares during the quarter. Grimes & Company Inc. owned approximately 0.27% of Robert Half worth $15,153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in shares of Robert Half by 24.1% during the 4th quarter. Van ECK Associates Corp now owns 85,878 shares of the business services provider's stock worth $6,051,000 after buying an additional 16,668 shares during the period. Smartleaf Asset Management LLC boosted 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 last quarter. CX Institutional acquired a new stake in Robert Half during the 1st quarter worth $33,000. Allworth Financial LP grew its holdings in Robert Half by 73.4% during the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider's stock worth $57,000 after acquiring an additional 342 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Robert Half by 2.4% during the 4th quarter. HighTower Advisors LLC now owns 36,911 shares of the business services provider's stock valued at $2,601,000 after acquiring an additional 863 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

NYSE RHI traded down $1.04 during trading on Friday, hitting $40.31. The stock had a trading volume of 5,448,228 shares, compared to its average volume of 1,565,539. Robert Half Inc. has a 12 month low of $39.98 and a 12 month high of $78.41. The company's 50-day moving average price is $45.35 and its two-hundred day moving average price is $56.74. The company has a market capitalization of $4.12 billion, a PE ratio of 20.15 and a beta of 1.04.

Robert Half (NYSE:RHI - Get Free Report) last announced its 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). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Robert Half had a return on equity of 14.54% and a net margin of 3.62%. The business's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend was Friday, May 23rd. Robert Half's dividend payout ratio is currently 118.00%.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. Truist Financial set a $55.00 price target on Robert Half and gave the stock a "buy" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of Robert Half from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. BNP Paribas Exane cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price objective on the stock. in a report on Friday, May 2nd. BNP Paribas cut Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price for the company. in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $48.71.

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.