Seizert Capital Partners LLC Purchases 92,815 Shares of Robert Half Inc. (NYSE:RHI)

Seizert Capital Partners LLC grew its position in Robert Half Inc. (NYSE:RHI - Free Report) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 547,084 shares of the business services provider's stock after purchasing an additional 92,815 shares during the period. Robert Half comprises about 1.7% of Seizert Capital Partners LLC's portfolio, making the stock its 26th largest position. Seizert Capital Partners LLC owned about 0.53% of Robert Half worth $36,879,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Robert Half by 6.9% in the 3rd quarter. Empowered Funds LLC now owns 43,373 shares of the business services provider's stock worth $2,924,000 after buying an additional 2,805 shares during the last quarter. Royce & Associates LP grew its stake in Robert Half by 142.3% in the 3rd quarter. Royce & Associates LP now owns 11,685 shares of the business services provider's stock valued at $788,000 after purchasing an additional 6,863 shares during the period. Chase Investment Counsel Corp increased its position in shares of Robert Half by 21.4% during the 3rd quarter. Chase Investment Counsel Corp now owns 17,000 shares of the business services provider's stock valued at $1,145,000 after purchasing an additional 3,000 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Robert Half by 32.7% during the 3rd quarter. Victory Capital Management Inc. now owns 613,752 shares of the business services provider's stock worth $41,373,000 after purchasing an additional 151,261 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Robert Half by 79.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 12,813 shares of the business services provider's stock worth $864,000 after buying an additional 5,679 shares during the last quarter. 92.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RHI. Truist Financial dropped their price target on 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 cut their price objective on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $70.00 to $69.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, BMO Capital Markets decreased their price objective on Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.00.

Robert Half Trading Down 2.6 %

Shares of NYSE RHI traded down $1.95 during midday trading on Friday, hitting $73.42. 1,382,833 shares of the company's stock were exchanged, compared to its average volume of 1,174,309. The business's fifty day moving average price is $68.00 and its two-hundred day moving average price is $65.72. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $88.39.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $0.90 EPS. The business's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Robert Half Inc. will post 2.45 earnings per share 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. Stockholders of record on Monday, November 25th will be issued a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.89%. Robert Half's payout ratio is 77.37%.

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.