Robert Half Inc. (NYSE:RHI) Stock Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its position in Robert Half Inc. (NYSE:RHI) by 108.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,659 shares of the business services provider’s stock after buying an additional 863 shares during the period. Venturi Wealth Management LLC’s holdings in Robert Half were worth $117,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Reston Wealth Management LLC acquired a new position in Robert Half in the 3rd quarter valued at approximately $34,000. Eastern Bank acquired a new position in Robert Half in the 4th quarter valued at approximately $35,000. V Square Quantitative Management LLC increased its stake in Robert Half by 70.6% in the 4th quarter. V Square Quantitative Management LLC now owns 679 shares of the business services provider’s stock valued at $48,000 after buying an additional 281 shares during the period. Finally, Friedenthal Financial acquired a new position in Robert Half in the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Down 0.1 %

Shares of RHI opened at $60.00 on Friday. The company’s fifty day moving average is $67.04 and its 200-day moving average is $67.55. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 24.59 and a beta of 1.23.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, research analysts predict that Robert Half Inc. will post 2.48 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. This is an increase from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Tuesday, February 25th. Robert Half’s dividend payout ratio is currently 86.89%.

Insider Buying and Selling

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 transaction of $76,729.20. Following the completion of the sale, the director now directly owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on RHI shares. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, BNP Paribas upgraded shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective on the stock in a research note on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $74.92.

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.