Victory Capital Management Inc. Has $41.37 Million Holdings in Robert Half Inc. (NYSE:RHI)

Victory Capital Management Inc. grew its position in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 32.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613,752 shares of the business services provider's stock after buying an additional 151,261 shares during the period. Victory Capital Management Inc. owned approximately 0.59% of Robert Half worth $41,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. raised its stake in Robert Half by 134.3% in the 1st quarter. Sei Investments Co. now owns 47,692 shares of the business services provider's stock worth $3,781,000 after purchasing an additional 27,334 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Robert Half in the first quarter valued at approximately $226,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Robert Half by 2.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 126,791 shares of the business services provider's stock valued at $10,216,000 after buying an additional 3,283 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Robert Half by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider's stock worth $9,700,000 after buying an additional 11,124 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Robert Half by 6.2% during the 1st quarter. Blair William & Co. IL now owns 95,483 shares of the business services provider's stock worth $7,570,000 after acquiring an additional 5,568 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

Robert Half Stock Performance

Shares of Robert Half stock traded down $1.95 during midday trading on Friday, hitting $73.42. 1,382,833 shares of the company traded hands, compared to its average volume of 1,396,102. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 26.80 and a beta of 1.23. The firm's fifty day moving average price is $68.00 and its 200-day moving average price is $65.72. 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 earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the firm posted $0.90 earnings per share. The company's revenue was down 6.3% on a year-over-year basis. Equities research analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.89%. Robert Half's payout ratio is 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Robert Half from $70.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Truist Financial reduced their price objective 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. Barclays dropped their target price 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. Finally, BMO Capital Markets reduced their price target on shares of Robert Half from $72.00 to $64.00 and set a "market perform" rating on the stock in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $69.00.

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.