Twin Capital Management Inc. Purchases 2,148 Shares of Robert Half Inc. (NYSE:RHI)

Twin Capital Management Inc. increased its position in Robert Half Inc. (NYSE:RHI) by 38.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,700 shares of the business services provider’s stock after acquiring an additional 2,148 shares during the quarter. Twin Capital Management Inc.’s holdings in Robert Half were worth $677,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RHI. Resurgent Financial Advisors LLC bought a new stake in Robert Half during the fourth quarter valued at approximately $27,000. Salem Investment Counselors Inc. bought a new stake in Robert Half during the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Robert Half during the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC lifted its position in Robert Half by 55.0% during the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 149 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in Robert Half during the third quarter valued at approximately $39,000. 92.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now directly owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

RHI has been the subject of several research analyst reports. BMO Capital Markets dropped their target price on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a research report on Wednesday, January 31st. Truist Financial lifted their target price on shares of Robert Half from $66.00 to $72.00 and gave the company a “sell” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.57.

Robert Half Stock Performance

RHI stock opened at $70.23 on Friday. The company has a market capitalization of $7.38 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 17.28 and a beta of 1.26. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39. The company’s 50 day moving average price is $78.01 and its two-hundred day moving average price is $79.51.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. Robert Half had a net margin of 6.43% and a return on equity of 25.73%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, research analysts predict that Robert Half Inc. will post 3.34 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.02%. This is an increase from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 22nd. Robert Half’s payout ratio is presently 54.78%.

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.