GAMMA Investing LLC Acquires 402 Shares of Robert Half Inc. (NYSE:RHI)

GAMMA Investing LLC grew its holdings in Robert Half Inc. (NYSE:RHI) by 58.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,084 shares of the business services provider’s stock after purchasing an additional 402 shares during the quarter. GAMMA Investing LLC’s holdings in Robert Half were worth $76,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mawer Investment Management Ltd. boosted its holdings in Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after purchasing an additional 1,049,005 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Robert Half by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after buying an additional 159,750 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Robert Half by 54.7% in the second quarter. Pacer Advisors Inc. now owns 1,628,919 shares of the business services provider’s stock worth $104,218,000 after buying an additional 575,879 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock worth $99,439,000 after acquiring an additional 786,031 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Robert Half by 17.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock valued at $98,687,000 after acquiring an additional 231,129 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Trading Down 2.7 %

RHI opened at $65.63 on Friday. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The business has a 50 day moving average of $72.77 and a 200-day moving average of $67.32. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.95 and a beta of 1.24.

Robert Half (NYSE:RHI) last issued its quarterly earnings results 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 net margin of 4.84% and a return on equity of 18.78%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $0.90 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that Robert Half Inc. will post 2.45 EPS for the current year.

Robert Half Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a yield of 3.23%. Robert Half’s dividend payout ratio 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 business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RHI shares. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.33.

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.