Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Robert Half Inc. (NYSE:RHI)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Robert Half Inc. (NYSE:RHI) by 37.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,614 shares of the business services provider’s stock after purchasing an additional 17,964 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Robert Half were worth $4,423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RHI. Blue Trust Inc. grew its position in shares of Robert Half by 489.4% during the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after buying an additional 323 shares in the last quarter. Fidelis Capital Partners LLC acquired a new position in Robert Half during the 1st quarter worth $26,000. V Square Quantitative Management LLC bought a new stake in shares of Robert Half in the 3rd quarter worth about $27,000. Versant Capital Management Inc acquired a new stake in shares of Robert Half in the 2nd quarter valued at about $35,000. Finally, Family Firm Inc. bought a new position in shares of Robert Half during the second quarter worth about $45,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on RHI. Barclays lowered their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. dropped their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. BMO Capital Markets lowered their target price on shares of 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. Finally, Truist Financial reduced their price target on shares of Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.71.

Robert Half Price Performance

Shares of NYSE RHI opened at $68.11 on Friday. The firm has a market capitalization of $7.15 billion, a PE ratio of 20.43 and a beta of 1.23. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39. The business’s fifty day moving average price is $65.43 and its two-hundred day moving average price is $65.47.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Equities research analysts expect that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.11%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

About Robert Half

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.