Burford Brothers Inc. Takes $679,000 Position in Robert Half Inc. (NYSE:RHI)

Burford Brothers Inc. bought a new position in Robert Half Inc. (NYSE:RHI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,079 shares of the business services provider's stock, valued at approximately $679,000.

Several other institutional investors also recently bought and sold shares of the business. Qsemble Capital Management LP purchased a new stake in Robert Half in the first quarter valued at approximately $1,454,000. UniSuper Management Pty Ltd increased its holdings in shares of Robert Half by 671.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider's stock worth $978,000 after buying an additional 10,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Robert Half by 10.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider's stock worth $9,700,000 after buying an additional 11,124 shares during the period. iA Global Asset Management Inc. raised its position in shares of Robert Half by 167.3% in the 1st quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider's stock worth $1,698,000 after buying an additional 13,404 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Robert Half by 40.5% in the first quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider's stock valued at $8,607,000 after acquiring an additional 31,300 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Trading Down 1.6 %

NYSE:RHI traded down $1.07 on Friday, reaching $67.68. The stock had a trading volume of 1,126,355 shares, compared to its average volume of 1,422,092. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39. The stock has a market cap of $7.10 billion, a P/E ratio of 20.26 and a beta of 1.23. The company has a 50-day moving average of $64.98 and a 200 day moving average of $65.54.

Robert Half (NYSE:RHI - Get Free Report) last issued 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. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $0.90 EPS. Robert Half's quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts predict that Robert Half Inc. will post 2.51 EPS for the current year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.13%. Robert Half's dividend payout ratio (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on RHI shares. Truist Financial dropped their price target on Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a research note on Friday, July 26th. StockNews.com cut shares of Robert Half from a "buy" rating to a "hold" rating in a research report on Friday, July 5th. BMO Capital Markets dropped their price objective on shares of Robert Half from $72.00 to $64.00 and set a "market perform" rating for the company in a research report on Thursday, July 25th. Barclays reduced their target price on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. cut their price objective on Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $67.71.

Insiders Place Their Bets

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is owned by company insiders.

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.