Cwm LLC Buys 3,070 Shares of Robert Half Inc. (NYSE:RHI)

Cwm LLC boosted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 52.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,886 shares of the business services provider’s stock after buying an additional 3,070 shares during the period. Cwm LLC’s holdings in Robert Half were worth $704,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the period. GAMMA Investing LLC bought a new stake in Robert Half during the fourth quarter valued at $46,000. CoreFirst Bank & Trust boosted its stake in 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 buying an additional 440 shares during the period. Orion Capital Management LLC bought a new stake in Robert Half during the third quarter valued at $43,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Robert Half by 72.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock valued at $55,000 after buying an additional 260 shares during the period. Institutional investors own 92.41% of the company’s stock.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the transaction, the director now owns 10,713 shares in the company, valued at approximately $746,267.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RHI. Truist Financial raised Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research note on Monday, April 22nd. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Tuesday, June 11th. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Finally, Robert W. Baird lowered their price target 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.71.

Robert Half Trading Down 0.2 %

RHI opened at $63.70 on Friday. The company has a market cap of $6.68 billion, a P/E ratio of 19.07, a P/E/G ratio of 5.21 and a beta of 1.25. The business’s 50-day moving average price is $67.75 and its 200-day moving average price is $76.57. Robert Half Inc. has a 12 month low of $61.07 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 the consensus estimate of $0.60 by $0.01. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. Equities research analysts forecast that Robert Half Inc. will post 2.92 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were issued a $0.53 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.33%. Robert Half’s dividend payout ratio is currently 63.47%.

Robert Half Company 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.