Robert Half Inc. (NYSE:RHI) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its position in Robert Half Inc. (NYSE:RHI) by 13.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,205 shares of the business services provider’s stock after selling 500 shares during the quarter. Capital Investment Counsel Inc’s holdings in Robert Half were worth $226,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RHI. Private Trust Co. NA boosted its stake in Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Robert Half in the third quarter valued at approximately $34,000. Eastern Bank acquired a new stake in Robert Half in the fourth quarter valued at approximately $35,000. V Square Quantitative Management LLC boosted its stake in Robert Half by 70.6% in the fourth quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 281 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Robert Half by 310.3% in the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 602 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Robert Half

In other Robert Half 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 completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Robert Half Price Performance

NYSE RHI opened at $60.00 on Friday. The company has a market capitalization of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. The company has a fifty day moving average of $67.04 and a 200 day moving average of $67.50. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $83.25.

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

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 3.93%. Robert Half’s payout ratio is currently 86.89%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RHI. JPMorgan Chase & Co. lowered their target price on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial upgraded shares of 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 note on Friday, December 13th. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.92.

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.