Resonant Capital Advisors LLC acquired a new position in Robert Half Inc. (NYSE:RHI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,524 shares of the business services provider's stock, valued at approximately $1,013,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in RHI. Resurgent Financial Advisors LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $27,000. Salem Investment Counselors Inc. bought a new stake in shares of Robert Half during the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Robert Half during the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC raised its position in shares of Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock valued at $37,000 after buying an additional 149 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Robert Half during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 92.41% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reduced their price objective on shares of Robert Half from $85.00 to $80.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 31st. Truist Financial boosted their price target on shares of Robert Half from $66.00 to $72.00 and gave the stock a "sell" rating in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $68.57.
Get Our Latest Report on Robert Half
Insiders Place Their Bets
In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total transaction of $603,450.00. Following the completion of the transaction, the executive vice president now directly owns 186,062 shares of the company's stock, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by insiders.
Robert Half Stock Performance
NYSE RHI traded up $0.67 on Friday, hitting $70.23. 1,184,511 shares of the stock were exchanged, compared to its average volume of 1,009,235. The stock has a fifty day moving average price of $78.01 and a two-hundred day moving average price of $79.51. The firm has a market capitalization of $7.38 billion, a P/E ratio of 18.15, a P/E/G ratio of 17.34 and a beta of 1.26. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39.
Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. Robert Half's quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. Sell-side analysts expect that Robert Half Inc. will post 3.34 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.02%. This is a positive change from Robert Half's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half's payout ratio is presently 54.78%.
About Robert Half
(
Free Report)
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.
Further Reading
Before you consider Robert Half, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robert Half wasn't on the list.
While Robert Half currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
