500 Shares in Robert Half Inc. (NYSE:RHI) Acquired by Eastern Bank

Eastern Bank acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500 shares of the business services provider’s stock, valued at approximately $35,000.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Robert Half during the 3rd quarter worth $27,000. Private Trust Co. NA lifted 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 valued at $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC bought a new position in Robert Half during the third quarter worth about $34,000. GAMMA Investing LLC increased its stake in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Robert Half by 310.3% in the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 602 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Stock Performance

Robert Half stock opened at $70.25 on Thursday. The stock has a market cap of $7.25 billion, a P/E ratio of 25.64 and a beta of 1.24. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25. The firm’s fifty day moving average price is $72.61 and its 200-day moving average price is $67.42.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm posted $0.90 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 3.02%. Robert Half’s dividend payout ratio is presently 77.37%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays upgraded Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. One research analyst has 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. Based on data from MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and a consensus 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.