Capital Investment Counsel Inc Sells 500 Shares of Robert Half Inc. (NYSE:RHI)

Capital Investment Counsel Inc decreased its holdings in Robert Half Inc. (NYSE:RHI) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,205 shares of the business services provider’s stock after selling 500 shares during the period. Capital Investment Counsel Inc’s holdings in Robert Half were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RHI. Creative Planning lifted its holdings in shares of Robert Half by 2.9% in the 3rd quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock valued at $1,212,000 after acquiring an additional 506 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Robert Half by 225.2% in the 3rd quarter. Blue Trust Inc. now owns 1,265 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 876 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Robert Half by 56.5% in the 3rd quarter. Raymond James & Associates now owns 180,553 shares of the business services provider’s stock valued at $12,171,000 after acquiring an additional 65,182 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Robert Half in the 3rd quarter worth about $298,000. Finally, International Assets Investment Management LLC raised its position in Robert Half by 6,641.7% in the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider’s stock worth $55,000 after purchasing an additional 797 shares during the period. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent analyst reports. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average target price of $74.92.

Robert Half Stock Performance

Shares of NYSE:RHI opened at $60.00 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. The firm’s 50 day simple moving average is $67.04 and its 200-day simple moving average is $67.50. Robert Half Inc. has a one year low of $57.05 and a one year high of $83.25.

Robert Half (NYSE:RHI) last issued its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Equities research analysts predict that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.93%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s dividend payout ratio (DPR) is presently 86.89%.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate 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.