Vest Financial LLC Buys 5,413 Shares of Robert Half Inc. (NYSE:RHI)

Vest Financial LLC increased its holdings in shares of Robert Half Inc. (NYSE:RHI) by 31.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 22,616 shares of the business services provider’s stock after purchasing an additional 5,413 shares during the period. Vest Financial LLC’s holdings in Robert Half were worth $1,525,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of Robert Half by 35.6% during the 3rd quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares during the last quarter. BOKF NA raised its holdings in Robert Half by 2.1% in the 1st quarter. BOKF NA now owns 10,383 shares of the business services provider’s stock valued at $812,000 after acquiring an additional 216 shares in the last quarter. Isthmus Partners LLC raised its holdings in Robert Half by 3.3% in the 2nd quarter. Isthmus Partners LLC now owns 7,079 shares of the business services provider’s stock valued at $453,000 after acquiring an additional 229 shares in the last quarter. Wahed Invest LLC raised its holdings in Robert Half by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,998 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 240 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Robert Half by 0.4% in the 1st quarter. Toronto Dominion Bank now owns 60,014 shares of the business services provider’s stock valued at $4,758,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut their price target on Robert Half from $74.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays lowered their price objective on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research note on Friday, July 26th. Truist Financial lowered their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Finally, BMO Capital Markets decreased 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $67.86.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the transaction, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Robert Half Price Performance

NYSE RHI opened at $66.31 on Monday. The firm has a market cap of $6.96 billion, a PE ratio of 19.85 and a beta of 1.23. Robert Half Inc. has a one year low of $57.05 and a one year high of $88.39. The stock’s 50 day simple moving average is $64.34 and its 200 day simple moving average is $65.77.

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). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a net margin of 5.26% and a return on equity of 20.41%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. As a group, equities analysts expect that Robert Half Inc. will post 2.51 earnings per share for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 23rd were given a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 3.20%. Robert Half’s payout ratio is 63.47%.

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.