Robert Half Inc. (NYSE:RHI) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC decreased its position in Robert Half Inc. (NYSE:RHI) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,423 shares of the business services provider’s stock after selling 427 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Robert Half were worth $312,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in RHI. Merit Financial Group LLC raised its holdings in Robert Half by 87.7% during the fourth quarter. Merit Financial Group LLC now owns 27,547 shares of the business services provider’s stock worth $1,941,000 after purchasing an additional 12,871 shares in the last quarter. Sendero Wealth Management LLC raised its holdings in Robert Half by 13.9% during the fourth quarter. Sendero Wealth Management LLC now owns 10,844 shares of the business services provider’s stock worth $764,000 after purchasing an additional 1,321 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Robert Half by 5.8% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after purchasing an additional 183 shares in the last quarter. Friedenthal Financial acquired a new stake in Robert Half during the fourth quarter worth approximately $56,000. Finally, Eastern Bank acquired a new stake in Robert Half during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half 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 transaction, the director now directly owns 12,310 shares in the company, valued at $915,248.50. This trade represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

NYSE:RHI opened at $70.85 on Friday. The firm’s fifty day moving average price is $72.41 and its 200 day moving average price is $67.52. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $83.25. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 25.86 and a beta of 1.24.

Robert Half (NYSE:RHI) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm posted $0.90 EPS. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.99%. Robert Half’s dividend payout ratio (DPR) is 77.37%.

Wall Street Analyst Weigh In

RHI has been the topic of a number of research analyst reports. BNP Paribas cut shares of 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. JPMorgan Chase & Co. cut their price objective 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. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. Finally, Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Robert Half currently has an average rating of “Hold” and an average price target of $74.33.

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.