Robert Half Inc. (NYSE:RHI) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Robert Half Inc. (NYSE:RHI) by 40.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,210 shares of the business services provider’s stock after purchasing an additional 19,776 shares during the quarter. Van ECK Associates Corp’s holdings in Robert Half were worth $4,677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Robert Half by 489.4% during the 2nd 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. V Square Quantitative Management LLC acquired a new stake in Robert Half in the third quarter worth approximately $27,000. Reston Wealth Management LLC acquired a new stake in Robert Half in the third quarter worth approximately $34,000. Versant Capital Management Inc acquired a new position in shares of Robert Half during the 2nd quarter valued at $35,000. Finally, GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares during the period. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $75.74 on Friday. The firm has a 50 day simple moving average of $66.60 and a 200 day simple moving average of $65.56. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The company has a market cap of $7.82 billion, a PE ratio of 27.64 and a beta of 1.23.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts predict that Robert Half Inc. will post 2.46 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 2.80%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Analyst Ratings Changes

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

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.