Barclays PLC grew its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 131.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 344,233 shares of the business services provider's stock after acquiring an additional 195,570 shares during the quarter. Barclays PLC owned about 0.33% of Robert Half worth $23,205,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of RHI. MML Investors Services LLC purchased a new position in Robert Half in the third quarter worth about $225,000. Orion Portfolio Solutions LLC bought a new stake in shares of Robert Half in the 3rd quarter valued at approximately $263,000. iSAM Funds UK Ltd boosted its holdings in shares of Robert Half by 33.6% in the 3rd quarter. iSAM Funds UK Ltd now owns 8,441 shares of the business services provider's stock worth $569,000 after purchasing an additional 2,123 shares during the period. National Bank of Canada FI increased its position in shares of Robert Half by 1,344.7% during the 3rd quarter. National Bank of Canada FI now owns 37,215 shares of the business services provider's stock valued at $2,509,000 after purchasing an additional 34,639 shares during the last quarter. Finally, SYM FINANCIAL Corp raised its holdings in Robert Half by 7.5% during the 3rd quarter. SYM FINANCIAL Corp now owns 3,443 shares of the business services provider's stock valued at $232,000 after buying an additional 241 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
RHI has been the subject of several recent analyst reports. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $62.00 to $90.00 in a research note on Friday. JPMorgan Chase & Co. dropped their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $73.67.
Read Our Latest Report on RHI
Robert Half Price Performance
Shares of NYSE:RHI traded up $0.59 on Friday, hitting $76.10. 1,003,604 shares of the company's stock were exchanged, compared to its average volume of 1,351,168. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 27.77 and a beta of 1.24. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The business's 50 day simple moving average is $71.62 and its two-hundred day simple moving average is $66.42.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Equities analysts forecast that Robert Half Inc. will post 2.45 EPS for the current fiscal year.
Robert Half Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.79%. Robert Half's dividend payout ratio (DPR) is currently 77.37%.
Insiders Place Their Bets
In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.
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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