Ceredex Value Advisors LLC Invests $5.66 Million in Robert Half Inc. (NYSE:RHI)

Ceredex Value Advisors LLC purchased a new position in Robert Half Inc. (NYSE:RHI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,000 shares of the business services provider's stock, valued at approximately $5,662,000. Ceredex Value Advisors LLC owned 0.08% of Robert Half as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Robert Half Trading Down 0.8 %

Shares of NYSE:RHI traded down $0.54 on Friday, reaching $67.57. The company had a trading volume of 916,026 shares, compared to its average volume of 1,123,601. The firm has a market capitalization of $6.98 billion, a PE ratio of 24.66 and a beta of 1.23. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $88.39. The firm's 50 day simple moving average is $65.63 and its 200-day simple moving average is $65.43.

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 the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. As a group, equities research analysts predict that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, November 25th. Robert Half's dividend payout ratio (DPR) is presently 77.37%.

Analyst Ratings Changes

A number of brokerages have commented on RHI. Truist Financial reduced their target price on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, July 26th. Barclays reduced their price objective on Robert Half from $70.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday, July 26th. BMO Capital Markets lowered their target price 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 on the stock in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.