12,128 Robert Half Inc. $RHI Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC decreased its stake in Robert Half Inc. (NYSE:RHI) by 42.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,635 shares of the business services provider’s stock after selling 12,128 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Robert Half were worth $611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MGO One Seven LLC grew its holdings in shares of Robert Half by 2.0% during the 3rd quarter. MGO One Seven LLC now owns 13,924 shares of the business services provider’s stock valued at $512,000 after acquiring an additional 275 shares in the last quarter. Basecamp Wealth Advisors LLC raised its holdings in shares of Robert Half by 19.4% during the first quarter. Basecamp Wealth Advisors LLC now owns 2,164 shares of the business services provider’s stock worth $55,000 after acquiring an additional 351 shares in the last quarter. Altar Rock LLC raised its holdings in shares of Robert Half by 4.0% during the second quarter. Altar Rock LLC now owns 9,554 shares of the business services provider’s stock worth $293,000 after acquiring an additional 365 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in Robert Half by 35.4% during the third quarter. Elevation Wealth Partners LLC now owns 1,538 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 402 shares during the last quarter. Finally, Unison Advisors LLC boosted its position in Robert Half by 1.8% during the third quarter. Unison Advisors LLC now owns 28,378 shares of the business services provider’s stock valued at $1,043,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

RHI has been the topic of several research reports. JPMorgan Chase & Co. upped their target price on Robert Half from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Jefferies Financial Group reiterated an “underperform” rating and set a $33.00 price target on shares of Robert Half in a report on Friday, October 23rd. Truist Financial lifted their price target on Robert Half from $40.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Robert W. Baird set a $53.00 price target on Robert Half in a research note on Friday, October 23rd. Finally, Zacks Research upgraded Robert Half from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Robert Half has a consensus rating of “Hold” and an average price target of $40.75.

Robert Half Price Performance

Shares of RHI opened at $44.76 on Thursday. The company has a market capitalization of $4.58 billion, a PE ratio of 37.00 and a beta of 0.76. Robert Half Inc. has a one year low of $21.83 and a one year high of $47.14. The company’s fifty day moving average price is $38.76 and its 200 day moving average price is $32.47.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Thursday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Robert Half had a net margin of 2.30% and a return on equity of 9.89%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 25th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, November 25th. Robert Half’s payout ratio is currently 195.04%.

Robert Half Company Profile

Robert Half Inc (NYSE: RHI) is a global talent solutions and business consulting company. Through its Robert Half brand, the company provides temporary, project-based and permanent staffing services, connecting employers with professionals in accounting and finance, administrative and customer support, technology, legal, and marketing and creative fields.

Robert Half also operates Protiviti, a global consulting firm that helps organizations address internal audit, risk and compliance, technology, business performance, and digital transformation challenges.