Integrated Wealth Concepts LLC Sells 9,751 Shares of Robert Half Inc. (NYSE:RHI)

Integrated Wealth Concepts LLC cut its holdings in Robert Half Inc. (NYSE:RHI) by 73.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,590 shares of the business services provider’s stock after selling 9,751 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Robert Half were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RHI. Blue Trust Inc. grew its position in shares of Robert Half by 489.4% in 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 during the last quarter. V Square Quantitative Management LLC bought a new stake in Robert Half in the third quarter valued at $27,000. Private Trust Co. NA increased its position in Robert Half by 79.7% during the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC bought a new position in Robert Half in the 3rd quarter worth $34,000. Finally, GAMMA Investing LLC lifted its position in shares of Robert Half by 35.6% in the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RHI shares. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $90.00 in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Robert Half has a consensus rating of “Hold” and a consensus target price of $73.67.

Robert Half Stock Performance

Shares of RHI opened at $76.10 on Friday. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $88.39. The firm’s 50-day simple moving average is $71.62 and its two-hundred day simple moving average is $66.41. The stock has a market cap of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share 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 last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the sale, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.

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.