Robert Half Inc. (NYSE:RHI) Shares Purchased by Tributary Capital Management LLC

Tributary Capital Management LLC raised its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 46.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,575 shares of the business services provider's stock after purchasing an additional 4,299 shares during the quarter. Tributary Capital Management LLC's holdings in Robert Half were worth $956,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Robert Half during the third quarter valued at $27,000. Private Trust Co. NA grew its position in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock valued at $29,000 after buying an additional 192 shares during the period. Reston Wealth Management LLC purchased a new position in Robert Half in the third quarter valued at $34,000. Eastern Bank acquired a new position in shares of Robert Half in the fourth quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its stake in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider's stock worth $46,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company's stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

Robert Half Price Performance

Shares of NYSE RHI traded down $0.65 during mid-day trading on Friday, hitting $69.85. The company had a trading volume of 921,024 shares, compared to its average volume of 669,785. The company has a market capitalization of $7.21 billion, a PE ratio of 25.49 and a beta of 1.24. The business's 50-day simple moving average is $71.92 and its 200 day simple moving average is $67.78. 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 earnings results 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 earned $0.90 earnings per share. The firm's revenue was down 6.3% compared to the same quarter last year. On average, analysts expect that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.03%. Robert Half's payout ratio is currently 77.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BNP Paribas lowered shares of Robert Half from an "outperform" rating to an "underperform" rating and set a $64.00 price target for the company. in a report on Monday, December 16th. 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 research note on Wednesday, October 23rd. Truist Financial upgraded shares of 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 research report on Friday, December 13th. Finally, Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has an average rating of "Hold" and a consensus target price of $74.33.

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.