River Road Asset Management LLC Has $5.29 Million Position in Robert Half Inc. (NYSE:RHI)

River Road Asset Management LLC grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 19.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,398 shares of the business services provider's stock after purchasing an additional 13,016 shares during the period. River Road Asset Management LLC owned about 0.07% of Robert Half worth $5,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RHI. Fidelis Capital Partners LLC bought a new stake in Robert Half during the 1st quarter worth approximately $26,000. Blue Trust Inc. increased its position in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider's stock worth $25,000 after acquiring an additional 323 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half during the third quarter worth $27,000. Reston Wealth Management LLC bought a new stake in Robert Half in the 3rd quarter valued at $34,000. Finally, Versant Capital Management Inc acquired a new position in Robert Half in the 2nd quarter worth $35,000. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Up 10.4 %

Shares of RHI stock traded up $7.21 during trading on Wednesday, reaching $76.22. 2,101,813 shares of the company's stock were exchanged, compared to its average volume of 1,408,217. The stock has a market capitalization of $7.87 billion, a PE ratio of 25.19 and a beta of 1.23. The firm's fifty day moving average price is $65.82 and its 200-day moving average price is $65.39. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $0.90 EPS. Robert Half's quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts anticipate that Robert Half Inc. will post 2.46 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, November 25th. Robert Half's payout ratio is 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the topic of several recent research reports. Barclays dropped 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. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. BMO Capital Markets reduced their target price on shares of 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, Truist Financial lowered their price target on shares of Robert Half from $72.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Robert Half has a consensus rating of "Hold" and an average price target of $67.71.

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.