793 Shares in Robert Half Inc. (NYSE:RHI) Bought by Friedenthal Financial

Friedenthal Financial acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 793 shares of the business services provider’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Robert Half during the 3rd quarter worth about $27,000. Private Trust Co. NA increased its stake 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 worth $29,000 after buying an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Robert Half during the third quarter valued at approximately $34,000. Eastern Bank acquired a new stake in shares of Robert Half in the fourth quarter worth approximately $35,000. Finally, GAMMA Investing LLC increased its position in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BNP Paribas lowered Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a report on Monday, December 16th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.33.

Robert Half Price Performance

Shares of RHI stock traded up $1.41 during trading on Monday, hitting $66.90. 1,146,718 shares of the stock traded hands, compared to its average volume of 1,028,145. The firm has a market capitalization of $6.91 billion, a P/E ratio of 24.42 and a beta of 1.24. Robert Half Inc. has a 52-week low of $57.05 and a 52-week high of $83.25. The firm’s fifty day moving average price is $72.77 and its 200-day moving average price is $67.35.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.90 EPS. As a group, equities research analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.17%. The ex-dividend date was Monday, November 25th. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.