Robert Half Inc. (NYSE:RHI) Holdings Lifted by Biechele Royce Advisors

Biechele Royce Advisors increased its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233,954 shares of the business services provider's stock after acquiring an additional 13,935 shares during the period. Robert Half comprises 5.2% of Biechele Royce Advisors' holdings, making the stock its 8th largest holding. Biechele Royce Advisors owned approximately 0.22% of Robert Half worth $15,771,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RHI. Fidelis Capital Partners LLC acquired a new position in Robert Half during the first quarter worth about $26,000. Blue Trust Inc. increased its position in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after purchasing an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter valued at approximately $27,000. Reston Wealth Management LLC bought a new position in Robert Half in the 3rd quarter valued at approximately $34,000. Finally, Versant Capital Management Inc acquired a new stake in Robert Half in the second quarter valued at approximately $35,000. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

Shares of RHI traded down $0.54 during trading hours on Friday, hitting $67.57. The stock had a trading volume of 916,026 shares, compared to its average volume of 1,412,082. The firm has a 50 day simple moving average of $65.63 and a 200-day simple moving average of $65.47. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The firm has a market capitalization of $7.03 billion, a P/E ratio of 24.66 and a beta of 1.23.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $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 2.46 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm 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 $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is 77.37%.

Analyst Ratings Changes

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

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.