Cerity Partners LLC lifted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 306.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,324 shares of the business services provider's stock after purchasing an additional 11,554 shares during the quarter. Cerity Partners LLC's holdings in Robert Half were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of RHI. Resurgent Financial Advisors LLC acquired a new stake in shares of Robert Half during the 4th quarter worth approximately $27,000. Salem Investment Counselors Inc. bought a new position in shares of Robert Half during the 2nd quarter worth approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Robert Half during the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC lifted its position in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider's stock worth $37,000 after buying an additional 149 shares during the period. Finally, Larson Financial Group LLC bought a new position in shares of Robert Half during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 92.41% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on RHI shares. Truist Financial raised their target price on Robert Half from $66.00 to $72.00 and gave the stock a "sell" rating in a research report on Thursday, January 25th. BMO Capital Markets cut their target price on Robert Half from $85.00 to $80.00 and set a "market perform" rating for the company in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $68.57.
Check Out Our Latest Stock Report on Robert Half
Insider Activity
In other news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now directly owns 186,062 shares of the company's stock, valued at approximately $14,970,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.
Robert Half Stock Up 1.0 %
RHI traded up $0.67 during trading on Friday, hitting $70.23. The company's stock had a trading volume of 1,184,511 shares, compared to its average volume of 1,009,235. The firm's 50 day moving average price is $78.01 and its two-hundred day moving average price is $79.59. Robert Half Inc. has a 12 month low of $64.65 and a 12 month high of $88.39. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 17.51 and a beta of 1.26.
Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business's revenue for the quarter was down 14.7% compared to the same quarter last year. On average, sell-side analysts forecast that Robert Half Inc. will post 3.34 earnings per share for the current year.
Robert Half Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 23rd were paid a $0.53 dividend. This is a boost from Robert Half's previous quarterly dividend of $0.48. This represents a $2.12 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, February 22nd. Robert Half's dividend payout ratio (DPR) is 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.
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