Kingsview Wealth Management LLC Takes Position in Robert Half Inc. (NYSE:RHI)

Kingsview Wealth Management LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,812 shares of the business services provider's stock, valued at approximately $2,241,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Mawer Investment Management Ltd. increased its position in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider's stock worth $315,569,000 after acquiring an additional 1,049,005 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Robert Half in the 3rd quarter valued at $1,792,000. SG Americas Securities LLC raised its stake in shares of Robert Half by 347.9% in the 4th quarter. SG Americas Securities LLC now owns 16,586 shares of the business services provider's stock valued at $1,169,000 after acquiring an additional 12,883 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Robert Half by 20.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 270,467 shares of the business services provider's stock valued at $18,232,000 after acquiring an additional 46,100 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Robert Half by 828.9% in the 3rd quarter. Janus Henderson Group PLC now owns 463,570 shares of the business services provider's stock valued at $31,249,000 after acquiring an additional 413,664 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BNP Paribas raised shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research note on Monday. Truist Financial raised shares of Robert Half from a "hold" rating to a "buy" rating and raised their price target for the company from $62.00 to $90.00 in a report on Friday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.92.

Robert Half Price Performance

RHI traded up $1.76 during trading hours on Friday, reaching $60.12. 1,620,587 shares of the stock traded hands, compared to its average volume of 1,273,626. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 24.64 and a beta of 1.23. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The firm's fifty day simple moving average is $68.56 and its two-hundred day simple moving average is $67.62.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, research analysts predict that Robert Half Inc. will post 2.53 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is a positive change from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction 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 trade represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

Robert Half Profile

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.