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

Integrated Investment Consultants LLC lowered its holdings in Robert Half Inc. (NYSE:RHI) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund 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 reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Merit Financial Group LLC lifted its holdings in Robert Half by 87.7% in the fourth quarter. Merit Financial Group LLC now owns 27,547 shares of the business services provider’s stock valued at $1,941,000 after acquiring an additional 12,871 shares during the period. Sendero Wealth Management LLC raised its stake in shares of Robert Half by 13.9% during the 4th quarter. Sendero Wealth Management LLC now owns 10,844 shares of the business services provider’s stock worth $764,000 after buying an additional 1,321 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of Robert Half by 5.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock worth $236,000 after buying an additional 183 shares during the last quarter. Friedenthal Financial acquired a new position in shares of Robert Half during the 4th quarter worth $56,000. Finally, Eastern Bank acquired a new position in shares of Robert Half during the 4th quarter worth $35,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

RHI opened at $70.85 on Friday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 25.86 and a beta of 1.24. The business has a 50-day moving average of $72.41 and a two-hundred day moving average of $67.52. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25.

Robert Half (NYSE:RHI) last posted 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. Equities research analysts anticipate that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 25th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Monday, November 25th. Robert Half’s payout ratio is currently 77.37%.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on RHI. BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target for the company. in a research note on Monday, December 16th. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.33.

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.