Strengthening Families & Communities LLC Cuts Position in Robert Half Inc. (NYSE:RHI)

Strengthening Families & Communities LLC reduced its holdings in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 83.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,364 shares of the business services provider's stock after selling 11,526 shares during the quarter. Strengthening Families & Communities LLC's holdings in Robert Half were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WCM Investment Management LLC lifted its holdings in shares of Robert Half by 239.5% during the fourth quarter. WCM Investment Management LLC now owns 63,614 shares of the business services provider's stock valued at $4,475,000 after purchasing an additional 44,879 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Robert Half during the fourth quarter valued at $2,241,000. Vest Financial LLC lifted its holdings in shares of Robert Half by 52.1% during the fourth quarter. Vest Financial LLC now owns 34,402 shares of the business services provider's stock valued at $2,424,000 after purchasing an additional 11,786 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Robert Half by 16.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,043 shares of the business services provider's stock valued at $5,262,000 after purchasing an additional 10,189 shares in the last quarter. Finally, Trust Point Inc. bought a new position in shares of Robert Half during the fourth quarter valued at $422,000. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Up 3.0 %

RHI traded up $1.76 during midday trading on Friday, reaching $60.12. The company had a trading volume of 1,620,587 shares, compared to its average volume of 1,273,626. The business has a 50-day moving average of $68.56 and a two-hundred day moving average of $67.62. The company has a market cap of $6.21 billion, a P/E ratio of 24.64 and a beta of 1.23. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25.

Robert Half (NYSE:RHI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, equities research analysts predict that Robert Half Inc. will post 2.53 EPS for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.36 annualized dividend and a dividend yield of 3.93%. This is a boost from Robert Half's previous quarterly dividend of $0.53. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and increased their target price for the company from $62.00 to $90.00 in a report on Friday, December 13th. BNP Paribas raised Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a report on Monday. JPMorgan Chase & Co. lowered their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Barclays raised Robert Half from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $74.92.

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.