Kingsview Wealth Management LLC Has $7.41 Million Stake in Robert Half Inc. (NYSE:RHI)

Kingsview Wealth Management LLC grew its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,221 shares of the business services provider's stock after purchasing an additional 26,917 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.08% of Robert Half worth $7,405,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new position in Robert Half during the fourth quarter worth approximately $1,468,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Robert Half by 32.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 12,976 shares of the business services provider's stock valued at $1,141,000 after acquiring an additional 3,214 shares during the last quarter. Boston Partners grew its position in Robert Half by 36.5% during the fourth quarter. Boston Partners now owns 3,270,365 shares of the business services provider's stock valued at $287,265,000 after acquiring an additional 874,620 shares during the period. Principal Financial Group Inc. increased its stake in Robert Half by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 140,354 shares of the business services provider's stock worth $12,340,000 after acquiring an additional 822 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Robert Half by 17.2% in the 4th quarter. QRG Capital Management Inc. now owns 5,018 shares of the business services provider's stock worth $441,000 after purchasing an additional 737 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the sale, the executive vice president now owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Dirk A. Kempthorne sold 2,221 shares of the company's stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the transaction, the director now directly owns 10,713 shares of the company's stock, valued at $746,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert W. Glass sold 7,500 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $14,970,548.52. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Robert Half Price Performance

Robert Half stock traded down $0.61 during midday trading on Friday, hitting $70.87. 863,559 shares of the stock were exchanged, compared to its average volume of 1,285,767. Robert Half Inc. has a 1 year low of $64.65 and a 1 year high of $88.39. The firm has a market cap of $7.44 billion, a P/E ratio of 21.22, a P/E/G ratio of 3.36 and a beta of 1.30. The company has a 50 day moving average price of $74.00 and a two-hundred day moving average price of $78.95.

Robert Half (NYSE:RHI - Get Free Report) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company's revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. As a group, analysts predict that Robert Half Inc. will post 2.98 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, May 23rd. Robert Half's dividend payout ratio (DPR) is currently 63.47%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RHI. Truist Financial raised shares of Robert Half from a "sell" rating to a "hold" rating and set a $72.00 target price for the company in a research report on Monday, April 22nd. StockNews.com raised shares of Robert Half from a "hold" rating to a "buy" rating in a research note on Monday, May 13th. Robert W. Baird decreased their price target on shares of Robert Half from $84.00 to $79.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Finally, BMO Capital Markets cut their price objective on 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $68.14.

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.