Robert Half Inc. (NYSE:RHI) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 6.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,946 shares of the business services provider’s stock after acquiring an additional 797 shares during the period. Tidal Investments LLC’s holdings in Robert Half were worth $940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the period. Fifth Third Bancorp grew its stake in Robert Half by 14.5% in the 2nd quarter. Fifth Third Bancorp now owns 3,307 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 419 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in Robert Half in the 2nd quarter worth $201,000. Louisiana State Employees Retirement System raised its position in Robert Half by 752.5% during the second quarter. Louisiana State Employees Retirement System now owns 52,000 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 45,900 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in Robert Half by 8.3% during the second quarter. New York State Teachers Retirement System now owns 119,360 shares of the business services provider’s stock valued at $7,637,000 after purchasing an additional 9,173 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RHI shares. JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and raised their target price for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.00.

Robert Half Stock Performance

Shares of Robert Half stock opened at $70.92 on Friday. The business’s 50 day moving average price is $72.11 and its 200 day moving average price is $66.64. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 25.88 and a beta of 1.24. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly 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 in the previous year, the company posted $0.90 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.99%. Robert Half’s dividend payout ratio is currently 77.37%.

Insider Activity

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.