Chase Investment Counsel Corp Buys 5,000 Shares of Robert Half Inc. (NYSE:RHI)

Chase Investment Counsel Corp increased its stake in Robert Half Inc. (NYSE:RHI) by 41.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the business services provider’s stock after purchasing an additional 5,000 shares during the period. Chase Investment Counsel Corp’s holdings in Robert Half were worth $1,091,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RHI. Family Legacy Inc. increased its stake in shares of Robert Half by 2.0% in the 1st quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock valued at $569,000 after buying an additional 144 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Robert Half by 2.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 175 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Robert Half by 7.5% in the first quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock valued at $203,000 after acquiring an additional 178 shares during the last quarter. Fifth Third Bancorp increased its position in Robert Half by 6.6% in the first quarter. Fifth Third Bancorp now owns 2,888 shares of the business services provider’s stock worth $229,000 after purchasing an additional 180 shares during the period. Finally, Cetera Advisor Networks LLC lifted its position in Robert Half by 0.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 66,663 shares of the business services provider’s stock valued at $5,861,000 after purchasing an additional 186 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Stock Down 1.5 %

Shares of RHI traded down $0.93 during trading hours on Thursday, reaching $61.11. The stock had a trading volume of 63,754 shares, compared to its average volume of 1,430,685. The company has a market cap of $6.41 billion, a P/E ratio of 18.57, a P/E/G ratio of 6.04 and a beta of 1.25. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $88.39. The firm has a 50-day moving average of $62.92 and a 200 day moving average of $68.98.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. As a group, equities analysts expect that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.47%. Robert Half’s dividend payout ratio (DPR) is currently 63.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Tuesday, June 11th. BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a research report on Thursday, July 25th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barclays reduced their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a research report on Friday, July 26th. Finally, Truist Financial cut their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.86.

Insider Buying and Selling at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares of the company’s stock, valued at $841,746.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

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.