Robert Half Inc. (NYSE:RHI) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of Robert Half Inc. (NYSE:RHI) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 613,752 shares of the business services provider’s stock after purchasing an additional 151,261 shares during the quarter. Victory Capital Management Inc.’s holdings in Robert Half were worth $41,373,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in Robert Half by 489.4% in the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Robert Half in the third quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter valued at $34,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half during the 2nd quarter valued at $35,000. Finally, Family Firm Inc. acquired a new stake in shares of Robert Half during the 2nd quarter valued at $45,000. 92.41% of the stock is owned by institutional investors.

Robert Half Stock Performance

NYSE RHI opened at $73.42 on Friday. The firm has a 50-day simple moving average of $68.00 and a 200 day simple moving average of $65.74. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock has a market cap of $7.58 billion, a PE ratio of 26.80 and a beta of 1.23.

Robert Half (NYSE:RHI) last released 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 business had revenue of $1.47 billion during 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% on a year-over-year basis. Research analysts forecast that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

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

Analyst Upgrades and Downgrades

RHI has been the topic of several recent analyst reports. Barclays cut their target price on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets lowered their target price 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. 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 report on Friday, July 26th. Finally, 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 report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Robert Half presently has a consensus rating of “Hold” and an average price target of $69.00.

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.