Robert Half Inc. (NYSE:RHI) Shares Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp boosted its position in Robert Half Inc. (NYSE:RHI) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the business services provider’s stock after purchasing an additional 2,000 shares during the quarter. Chase Investment Counsel Corp’s holdings in Robert Half were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RHI. Venturi Wealth Management LLC grew its holdings in Robert Half by 55.0% in the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Robert Half during the 4th quarter worth about $46,000. Larson Financial Group LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth about $39,000. CoreFirst Bank & Trust grew its holdings in shares of Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after purchasing an additional 440 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in shares of Robert Half during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 92.41% of the company’s stock.

Insider Activity at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of the firm’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 transaction, the executive vice president now owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.00% of the company’s stock.

Robert Half Trading Up 1.5 %

RHI traded up $1.01 during trading on Monday, reaching $70.36. 693,103 shares of the company were exchanged, compared to its average volume of 1,055,457. The stock has a market cap of $7.40 billion, a P/E ratio of 20.76, a PEG ratio of 17.51 and a beta of 1.26. The firm has a 50 day moving average of $76.99 and a 200 day moving average of $79.42. Robert Half Inc. has a 52 week low of $64.65 and a 52 week high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, analysts forecast that Robert Half Inc. will post 3.3 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 3.01%. This is a boost from Robert Half’s previous quarterly dividend of $0.48. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Analyst Upgrades and Downgrades

RHI has been the subject of a number of analyst reports. BMO Capital Markets decreased their price target on Robert Half from $85.00 to $80.00 and set a “market perform” rating for the company in a report on Wednesday, January 31st. Truist Financial upgraded 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, April 22nd. Finally, Robert W. Baird decreased their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and an average target price of $68.14.

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.