Spire Wealth Management Purchases 48,749 Shares of Robert Half Inc. (NYSE:RHI)

Spire Wealth Management grew its holdings in Robert Half Inc. (NYSE:RHI - Free Report) by 1,629.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,740 shares of the business services provider's stock after acquiring an additional 48,749 shares during the quarter. Spire Wealth Management owned 0.05% of Robert Half worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mawer Investment Management Ltd. raised its stake in Robert Half by 72.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 8,079,597 shares of the business services provider's stock worth $569,288,000 after acquiring an additional 3,398,257 shares in the last quarter. Boston Partners boosted its holdings in Robert Half by 17.5% in the fourth quarter. Boston Partners now owns 8,554,276 shares of the business services provider's stock valued at $602,867,000 after acquiring an additional 1,271,237 shares during the last quarter. Norges Bank bought a new position in Robert Half in the fourth quarter valued at about $60,257,000. Balyasny Asset Management L.P. boosted its holdings in Robert Half by 5,172.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 693,394 shares of the business services provider's stock valued at $48,857,000 after acquiring an additional 680,242 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Robert Half by 293.3% during the fourth quarter. Wellington Management Group LLP now owns 831,359 shares of the business services provider's stock worth $58,578,000 after buying an additional 619,982 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Wall Street Zen raised Robert Half from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. BNP Paribas lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research report on Friday, May 2nd. Barclays lowered their price target on Robert Half from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Robert Half currently has a consensus rating of "Hold" and an average target price of $48.71.

Robert Half Stock Down 0.3%

Shares of RHI stock traded down $0.14 during trading on Friday, reaching $41.27. 3,038,419 shares of the company's stock were exchanged, compared to its average volume of 1,362,703. The stock has a market capitalization of $4.22 billion, a PE ratio of 20.64 and a beta of 1.05. Robert Half Inc. has a twelve month low of $39.61 and a twelve month high of $78.41. The firm's fifty day moving average price is $44.53 and its 200-day moving average price is $55.08.

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

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were paid a $0.59 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.36 annualized dividend and a yield of 5.72%. 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.