Kingsview Wealth Management LLC Buys 26,917 Shares of Robert Half Inc. (NYSE:RHI)

Kingsview Wealth Management LLC raised its position in shares of Robert Half Inc. (NYSE:RHIFree Report) by 47.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,221 shares of the business services provider’s stock after acquiring an additional 26,917 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.08% of Robert Half worth $7,405,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RHI. Venturi Wealth Management LLC raised its stake in Robert Half by 55.0% during the fourth 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 last quarter. Larson Financial Group LLC purchased a new stake in Robert Half during the 3rd quarter valued at about $39,000. CoreFirst Bank & Trust increased its stake in Robert Half by 440.0% during the 3rd quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 440 shares in the last quarter. Orion Capital Management LLC purchased a new position in Robert Half in the third quarter worth about $43,000. Finally, GAMMA Investing LLC purchased a new position in Robert Half in the fourth quarter worth about $46,000. Institutional investors own 92.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RHI shares. BMO Capital Markets lowered their price objective on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. StockNews.com upgraded Robert Half from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Robert W. Baird lowered their price objective on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Finally, Truist Financial raised shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Robert Half presently has an average rating of “Hold” and a consensus price target of $68.14.

Get Our Latest Stock Report on Robert Half

Insider Activity

In related news, Director Dirk A. Kempthorne sold 2,221 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 in the company, valued at $14,970,548.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dirk A. Kempthorne sold 2,221 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares in the company, valued at $746,267.58. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

Robert Half Stock Down 0.9 %

RHI traded down $0.61 during trading on Friday, hitting $70.87. The company’s stock had a trading volume of 863,559 shares, compared to its average volume of 1,285,767. Robert Half Inc. has a one year low of $64.65 and a one year high of $88.39. The business’s 50 day simple moving average is $74.00 and its 200-day simple moving average is $78.92. The firm has a market cap of $7.44 billion, a PE ratio of 21.22, a P/E/G ratio of 3.36 and a beta of 1.30.

Robert Half (NYSE:RHIGet Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. Robert Half’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts expect that Robert Half Inc. will post 2.98 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.12 annualized dividend and a dividend yield of 2.99%. Robert Half’s payout ratio is 63.47%.

Robert Half Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Robert Half (NYSE:RHI)

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