2,934 Shares in Robert Half Inc. (NYSE:RHI) Bought by US Asset Management LLC

US Asset Management LLC acquired a new position in shares of Robert Half Inc. (NYSE:RHI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,934 shares of the business services provider’s stock, valued at approximately $258,000.

Several other large investors also recently bought and sold shares of RHI. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Robert Half in the third quarter valued at $39,000. CoreFirst Bank & Trust boosted its stake in shares of Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 440 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Robert Half during the third quarter valued at $43,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Robert Half during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Transactions at Robert Half

In other news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Robert W. Glass sold 7,500 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the sale, the executive vice president now owns 186,062 shares in the company, valued at $14,970,548.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares of the company’s stock, valued at approximately $746,267.58. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Robert Half Stock Performance

NYSE RHI traded up $0.03 during trading hours on Thursday, hitting $70.15. 766,375 shares of the company’s stock were exchanged, compared to its average volume of 1,094,297. The business’s 50 day moving average is $75.11 and its 200-day moving average is $79.00. The firm has a market capitalization of $7.36 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.30. Robert Half Inc. has a 12-month low of $64.65 and a 12-month high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period last year, the business posted $1.14 EPS. As a group, equities research analysts anticipate that Robert Half Inc. will post 2.98 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.02%. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analyst Weigh In

A number of research firms recently commented on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research note on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets reduced their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Finally, Robert W. Baird reduced their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.14.

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.