16,000 Shares in Robert Half Inc. (NYSE:RHI) Bought by PFG Investments LLC

PFG Investments LLC acquired a new stake in Robert Half Inc. (NYSE:RHI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,000 shares of the business services provider's stock, valued at approximately $1,079,000.

Several other hedge funds have also recently added to or reduced their stakes in RHI. GAMMA Investing LLC increased its position 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 buying an additional 179 shares during the period. BOKF NA grew its stake in shares of Robert Half by 2.1% in the 1st quarter. BOKF NA now owns 10,383 shares of the business services provider's stock valued at $812,000 after purchasing an additional 216 shares during the last quarter. Isthmus Partners LLC grew its stake in shares of Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider's stock valued at $453,000 after purchasing an additional 229 shares during the last quarter. Wahed Invest LLC grew its stake in shares of Robert Half by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider's stock valued at $158,000 after purchasing an additional 240 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Robert Half by 0.4% in the 1st quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider's stock valued at $4,758,000 after purchasing an additional 266 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,300 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The stock was 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 of the company's stock, valued at approximately $841,746.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RHI shares. Barclays decreased their price target on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a research note on Friday, July 26th. StockNews.com cut Robert Half from a "buy" rating to a "hold" rating in a report on Friday, July 5th. Truist Financial cut their price target on Robert Half from $72.00 to $62.00 and set a "hold" rating for the company in a report on Friday, July 26th. BMO Capital Markets cut their price target on Robert Half from $72.00 to $64.00 and set a "market perform" rating for the company in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. cut their price target on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.71.

Robert Half Stock Performance

Shares of RHI stock traded up $1.46 during trading hours on Monday, reaching $69.14. The company had a trading volume of 842,749 shares, compared to its average volume of 1,419,307. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The company has a market capitalization of $7.26 billion, a P/E ratio of 20.70 and a beta of 1.23. The stock's fifty day simple moving average is $64.98 and its 200 day simple moving average is $65.49.

Robert Half (NYSE:RHI - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) 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 business 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 earnings per share. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, August 23rd. Robert Half's dividend payout ratio is presently 63.47%.

Robert Half Company 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.