Alpha Omega Wealth Management LLC boosted its holdings in Robert Half Inc. (NYSE:RHI – Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,148 shares of the business services provider’s stock after acquiring an additional 1,762 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Robert Half were worth $2,369,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Robert Half during the second quarter valued at approximately $672,000. Sanctuary Advisors LLC bought a new stake in shares of Robert Half during the 2nd quarter worth $350,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Robert Half by 182.1% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 24,305 shares of the business services provider’s stock worth $1,555,000 after acquiring an additional 15,690 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Robert Half by 2.4% during the second quarter. Cetera Investment Advisers now owns 66,300 shares of the business services provider’s stock worth $4,242,000 after purchasing an additional 1,571 shares during the period. Finally, Truist Financial Corp raised its position in shares of Robert Half by 1.3% during the second quarter. Truist Financial Corp now owns 28,271 shares of the business services provider’s stock worth $1,809,000 after purchasing an additional 350 shares during the period. 92.41% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Robert Half
In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares of the company’s stock, valued at approximately $841,746.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on RHI
Robert Half Trading Down 0.3 %
Shares of NYSE:RHI opened at $66.48 on Friday. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 19.90 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 has a fifty day simple moving average of $63.27 and a 200 day simple moving average of $66.82.
Robert Half (NYSE:RHI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. On average, sell-side analysts forecast that Robert Half Inc. will post 2.51 EPS for the current year.
Robert Half Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.19%. The ex-dividend date was Friday, August 23rd. Robert Half’s dividend payout ratio is 63.47%.
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.
Further Reading
- Five stocks we like better than Robert Half
- The Significance of Brokerage Rankings in Stock Selection
- When Is the Best Time to Invest in Mutual Funds?
- The 3 Best Retail Stocks to Shop for in August
- Is NVIDIA Stock in a Correction or Consolidation?
- What Are Dividend Achievers? An Introduction
- 3 Oversold Stocks with Big RSI Rebound Potential
Receive News & Ratings for Robert Half Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half and related companies with MarketBeat.com's FREE daily email newsletter.