Captrust Financial Advisors Buys 18,697 Shares of Robert Half Inc. (NYSE:RHI)

Captrust Financial Advisors grew its stake in Robert Half Inc. (NYSE:RHI - Free Report) by 139.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,078 shares of the business services provider's stock after buying an additional 18,697 shares during the period. Captrust Financial Advisors' holdings in Robert Half were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in RHI. Blue Trust Inc. grew its stake in Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after purchasing an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new stake in Robert Half during the third quarter worth approximately $27,000. Private Trust Co. NA grew its stake in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC acquired a new stake in Robert Half during the third quarter worth approximately $34,000. Finally, GAMMA Investing LLC grew its stake in Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $69.00.

Robert Half Stock Up 0.3 %

NYSE:RHI traded up $0.22 on Friday, hitting $74.34. The stock had a trading volume of 879,690 shares, compared to its average volume of 1,361,775. The business's fifty day moving average is $70.78 and its 200 day moving average is $66.12. The company has a market cap of $7.68 billion, a PE ratio of 27.13 and a beta of 1.24. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is presently 77.37%.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares of the company's stock, valued at $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

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.