95,108 Shares in Robert Half Inc. $RHI Bought by Leuthold Group LLC

Leuthold Group LLC acquired a new stake in Robert Half Inc. (NYSE:RHI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 95,108 shares of the business services provider’s stock, valued at approximately $3,495,000. Leuthold Group LLC owned approximately 0.09% of Robert Half as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in RHI. MGO One Seven LLC raised its position in Robert Half by 2.0% in the 3rd quarter. MGO One Seven LLC now owns 13,924 shares of the business services provider’s stock worth $512,000 after purchasing an additional 275 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in Robert Half by 19.4% in the first quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after purchasing an additional 351 shares during the last quarter. Altar Rock LLC lifted its stake in Robert Half by 4.0% in the second quarter. Altar Rock LLC now owns 9,554 shares of the business services provider’s stock worth $293,000 after purchasing an additional 365 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in Robert Half by 35.4% during the third quarter. Elevation Wealth Partners LLC now owns 1,538 shares of the business services provider’s stock valued at $57,000 after buying an additional 402 shares during the period. Finally, Unison Advisors LLC boosted its position in Robert Half by 1.8% during the third quarter. Unison Advisors LLC now owns 28,378 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 507 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of RHI stock opened at $42.12 on Tuesday. Robert Half Inc. has a fifty-two week low of $21.83 and a fifty-two week high of $47.14. The firm has a market cap of $4.31 billion, a P/E ratio of 37.15 and a beta of 0.76. The business’s 50 day moving average price is $38.60 and its 200-day moving average price is $32.69.

Robert Half (NYSE:RHI) last announced its earnings results on Thursday, October 22nd. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Robert Half had a return on equity of 9.89% and a net margin of 2.30%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that Robert Half Inc. will post 1.29 EPS for the current year.

Robert Half Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, November 25th. Robert Half’s payout ratio is presently 195.04%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent research reports. Weiss Ratings raised Robert Half from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Robert W. Baird set a $53.00 target price on Robert Half in a research note on Friday, October 23rd. JPMorgan Chase & Co. boosted their target price on Robert Half from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Jefferies Financial Group restated an “underperform” rating and set a $33.00 target price on shares of Robert Half in a report on Friday, October 23rd. Finally, Barclays raised their price target on Robert Half from $25.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.75.

Robert Half Profile

Robert Half, Inc is a global talent solutions company that provides staffing and recruitment services to businesses and job seekers. It places professionals in temporary, project-based and permanent roles, with expertise in fields including finance and accounting, technology, marketing and creative, legal, and administrative support.

The company also provides business and technology consulting through Protiviti, its consulting subsidiary. Protiviti advises organizations on areas such as risk management, internal audit, compliance, cybersecurity, technology and business performance.

Founded in 1948, Robert Half serves clients through offices and operations in North America, South America, Europe and the Asia-Pacific region.