Robert Half Inc. (NYSE:RHI) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in Robert Half Inc. (NYSE:RHI) by 131.6% during the third quarter, Holdings Channel reports. The fund owned 344,233 shares of the business services provider’s stock after buying an additional 195,570 shares during the quarter. Barclays PLC’s holdings in Robert Half were worth $23,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Robert Half in the third quarter worth about $27,000. Private Trust Co. NA grew its holdings in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares during the period. Reston Wealth Management LLC purchased a new position in Robert Half during the third quarter valued at approximately $34,000. Finally, Family Firm Inc. acquired a new position in Robert Half in the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on RHI shares. 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 report on Wednesday, October 23rd. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and lifted their price objective for the company from $62.00 to $90.00 in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.67.

Robert Half Stock Performance

Robert Half stock opened at $76.10 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 27.77 and a beta of 1.24. The company’s fifty day moving average price is $71.62 and its 200 day moving average price is $66.41. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39.

Robert Half (NYSE:RHI) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a net margin of 4.84% and a return on equity of 18.78%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 2.45 EPS 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 given a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.79%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Transactions at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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.