Van ECK Associates Corp Has $4.68 Million Position in Robert Half Inc. (NYSE:RHI)

Van ECK Associates Corp lifted its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,210 shares of the business services provider's stock after acquiring an additional 19,776 shares during the period. Van ECK Associates Corp owned approximately 0.07% of Robert Half worth $4,677,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Confluence Wealth Services Inc. boosted its position in shares of Robert Half by 26.1% during the third quarter. Confluence Wealth Services Inc. now owns 11,834 shares of the business services provider's stock worth $798,000 after acquiring an additional 2,448 shares during the last quarter. Biechele Royce Advisors boosted its stake in shares of Robert Half by 6.3% during the 3rd quarter. Biechele Royce Advisors now owns 233,954 shares of the business services provider's stock worth $15,771,000 after purchasing an additional 13,935 shares during the period. Ceredex Value Advisors LLC purchased a new position in Robert Half during the 3rd quarter valued at $5,662,000. Reston Wealth Management LLC bought a new position in shares of Robert Half in the third quarter worth about $34,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Robert Half during the third quarter valued at approximately $267,000. 92.41% of the stock is owned by institutional investors.

Robert Half Price Performance

RHI stock traded down $0.06 on Friday, hitting $75.74. 894,455 shares of the company were exchanged, compared to its average volume of 1,406,961. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 27.64 and a beta of 1.23. The business's fifty day moving average is $66.60 and its two-hundred day moving average is $65.56.

Robert Half (NYSE:RHI - Get Free Report) last announced 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 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $0.90 EPS. Robert Half's quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 2.80%. Robert Half's payout ratio is currently 77.37%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RHI. BMO Capital Markets decreased their price objective 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. JPMorgan Chase & Co. lowered their target price 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. Truist Financial lowered 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 note on Friday, July 26th. Finally, Barclays reduced their price objective on shares of Robert Half from $70.00 to $60.00 and set an "underweight" rating for the company in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Robert Half presently has an average rating of "Hold" and an average price target of $69.00.

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.