398 Shares in Robert Half Inc. (NYSE:RHI) Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 398 shares of the business services provider’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Qsemble Capital Management LP acquired a new stake in Robert Half during the first quarter worth about $1,454,000. UniSuper Management Pty Ltd boosted its position in Robert Half by 671.3% during the first quarter. UniSuper Management Pty Ltd now owns 12,341 shares of the business services provider’s stock worth $978,000 after purchasing an additional 10,741 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Robert Half by 10.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 122,356 shares of the business services provider’s stock worth $9,700,000 after purchasing an additional 11,124 shares in the last quarter. iA Global Asset Management Inc. boosted its position in Robert Half by 167.3% during the first quarter. iA Global Asset Management Inc. now owns 21,414 shares of the business services provider’s stock worth $1,698,000 after purchasing an additional 13,404 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Robert Half by 40.5% during the first quarter. BNP Paribas Financial Markets now owns 108,570 shares of the business services provider’s stock worth $8,607,000 after purchasing an additional 31,300 shares in the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Price Performance

NYSE RHI opened at $65.56 on Tuesday. The company has a market cap of $6.88 billion, a PE ratio of 19.63 and a beta of 1.23. The stock’s 50 day simple moving average is $64.46 and its 200-day simple moving average is $65.70. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Robert Half Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.23%. Robert Half’s payout ratio is 63.47%.

Analysts Set New Price Targets

RHI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barclays lowered their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. BMO Capital Markets lowered their price target on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.86.

Insider Buying and Selling

In related news, Director Dirk A. Kempthorne sold 1,300 shares of Robert Half stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the transaction, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

Robert Half 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.