Vest Financial LLC lifted its position in Robert Half Inc. (NYSE:RHI - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,402 shares of the business services provider's stock after purchasing an additional 11,786 shares during the quarter. Vest Financial LLC's holdings in Robert Half were worth $2,424,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in Robert Half during the 3rd quarter worth about $27,000. Private Trust Co. NA raised its holdings in Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the period. Reston Wealth Management LLC acquired a new stake in Robert Half during the 3rd quarter worth approximately $34,000. Eastern Bank acquired a new stake in Robert Half during the 4th quarter worth approximately $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 buying an additional 179 shares during the last quarter. Institutional investors own 92.41% of the company's stock.
Insiders Place Their Bets
In related news, Director Dirk A. Kempthorne sold 1,032 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
RHI has been the subject of a number of recent research reports. Truist Financial upgraded shares of Robert Half from a "hold" rating to a "buy" rating and increased their price objective for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. BNP Paribas upgraded shares of Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a research report on Monday. Finally, Barclays upgraded shares of Robert Half from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $60.00 to $80.00 in a research 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's stock. According to data from MarketBeat, Robert Half currently has a consensus rating of "Hold" and a consensus price target of $74.92.
Get Our Latest Stock Report on Robert Half
Robert Half Stock Performance
NYSE:RHI traded down $1.37 during trading on Wednesday, reaching $57.91. The company's stock had a trading volume of 974,349 shares, compared to its average volume of 1,267,366. The firm has a 50 day moving average of $69.16 and a 200-day moving average of $67.71. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 23.73 and a beta of 1.23. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25.
Robert Half (NYSE:RHI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts forecast that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.
Robert Half Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 4.08%. Robert Half's dividend payout ratio (DPR) is 86.89%.
Robert Half Company Profile
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Free Report)
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.
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