Robert Half Inc. (NYSE:RHI) Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its stake in Robert Half Inc. (NYSE:RHI) by 225.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,265 shares of the business services provider’s stock after acquiring an additional 876 shares during the quarter. Blue Trust Inc.’s holdings in Robert Half were worth $81,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RHI. Fidelis Capital Partners LLC acquired a new position in shares of Robert Half in the 1st quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in shares of Robert Half in the third quarter worth about $27,000. Versant Capital Management Inc purchased a new position in shares of Robert Half in the second quarter worth approximately $35,000. GAMMA Investing LLC raised its holdings in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares during the period. Finally, Family Firm Inc. acquired a new position in Robert Half in the 2nd quarter worth approximately $45,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RHI has been the topic of several recent analyst reports. StockNews.com downgraded shares of Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. BMO Capital Markets reduced their price objective on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Truist Financial decreased their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Finally, Barclays dropped their price objective 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Robert Half has a consensus rating of “Hold” and a consensus target price of $67.71.

Robert Half Stock Down 0.6 %

Shares of RHI opened at $69.01 on Thursday. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 20.66 and a beta of 1.23. The company’s fifty day moving average is $65.31 and its 200-day moving average is $65.45. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Monday, November 25th. Robert Half’s payout ratio is 63.47%.

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.