Wynn Capital LLC Takes Position in Robert Half Inc. (NYSE:RHI)

Wynn Capital LLC acquired a new stake in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,600 shares of the business services provider’s stock, valued at approximately $229,000.

Several other large investors have also added to or reduced their stakes in RHI. CWM LLC boosted its position in Robert Half by 15.2% in the 3rd quarter. CWM LLC now owns 5,882 shares of the business services provider’s stock valued at $431,000 after buying an additional 774 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Robert Half by 6.1% in the 3rd quarter. IFP Advisors Inc now owns 3,078 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 177 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in shares of Robert Half during the 3rd quarter worth approximately $121,000. Czech National Bank lifted its holdings in shares of Robert Half by 46.7% during the 3rd quarter. Czech National Bank now owns 18,716 shares of the business services provider’s stock worth $1,372,000 after acquiring an additional 5,960 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Robert Half by 54.3% during the third quarter. Handelsbanken Fonder AB now owns 21,300 shares of the business services provider’s stock valued at $1,561,000 after purchasing an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of RHI stock traded down $0.98 during trading hours on Thursday, hitting $70.52. The company had a trading volume of 384,402 shares, compared to its average volume of 1,033,795. The company’s fifty day moving average is $77.46 and its 200 day moving average is $79.50. The stock has a market capitalization of $7.41 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 17.83 and a beta of 1.26. Robert Half Inc. has a fifty-two week low of $64.65 and a fifty-two week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, January 30th. The business services provider reported $0.83 earnings per share 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 business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the company earned $1.37 EPS. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities analysts forecast that Robert Half Inc. will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.53 dividend. This is a positive change 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 3.01%. The ex-dividend date was Thursday, February 22nd. Robert Half’s payout ratio is currently 54.78%.

Insiders Place Their Bets

In other Robert Half news, EVP Robert W. Glass sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was 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 owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a report on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $68.57.

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.