Resonant Capital Advisors LLC Acquires New Shares in Robert Half Inc. (NYSE:RHI)

Resonant Capital Advisors LLC acquired a new stake in Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 11,524 shares of the business services provider’s stock, valued at approximately $1,013,000.

Other hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new position in Robert Half in the 4th quarter valued at approximately $27,000. Salem Investment Counselors Inc. purchased a new position in shares of Robert Half during the 2nd quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Robert Half during the 4th quarter valued at $28,000. Venturi Wealth Management LLC grew its position in shares of Robert Half by 55.0% during the 4th 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 in the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of Robert Half during the 3rd quarter valued at $39,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Robert Half Stock Performance

NYSE RHI opened at $70.23 on Friday. Robert Half Inc. has a 52-week low of $64.65 and a 52-week high of $88.39. The company has a market capitalization of $7.38 billion, a P/E ratio of 18.15, a P/E/G ratio of 17.34 and a beta of 1.26. The company has a fifty day moving average of $78.01 and a 200-day moving average of $79.51.

Robert Half (NYSE:RHI) last posted its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm posted $1.37 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts forecast that Robert Half Inc. will post 3.34 EPS for the current fiscal year.

Robert Half Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RHI shares. Truist Financial boosted their price target 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. BMO Capital Markets reduced their price target 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. Two equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.57.

Insider Transactions at Robert Half

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

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.