Robert Half Inc. (NYSE:RHI) Holdings Raised by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Robert Half Inc. (NYSE:RHI) by 225.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,265 shares of the business services provider’s stock after purchasing an additional 876 shares during the quarter. Blue Trust Inc.’s holdings in Robert Half were worth $81,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Claro Advisors LLC acquired a new position in Robert Half in the third quarter valued at approximately $814,000. V Square Quantitative Management LLC acquired a new stake in shares of Robert Half during the 3rd quarter worth approximately $27,000. Cardinal Capital Management lifted its holdings in shares of Robert Half by 6.6% in the 3rd quarter. Cardinal Capital Management now owns 36,101 shares of the business services provider’s stock worth $2,434,000 after purchasing an additional 2,242 shares during the last quarter. Creative Planning grew its stake in Robert Half by 2.9% during the 3rd quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock worth $1,212,000 after buying an additional 506 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Robert Half by 12,700.0% in the third quarter. Exchange Traded Concepts LLC now owns 12,160 shares of the business services provider’s stock worth $820,000 after buying an additional 12,065 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Ratings Changes

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

Robert Half Price Performance

RHI opened at $69.01 on Thursday. The business has a 50 day moving average price of $65.31 and a two-hundred day moving average price of $65.45. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 20.66 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.

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

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 3.07%. Robert Half’s dividend payout ratio is currently 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.