Savant Capital LLC Has $2.05 Million Stake in Robert Half Inc. (NYSE:RHI)

Savant Capital LLC trimmed its position in shares of Robert Half Inc. (NYSE:RHI) by 0.7% in the fourth quarter, Holdings Channel reports. The fund owned 29,127 shares of the business services provider’s stock after selling 200 shares during the quarter. Savant Capital LLC’s holdings in Robert Half were worth $2,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new stake in Robert Half during the 2nd quarter valued at approximately $350,000. GAMMA Investing LLC boosted its position in shares of Robert Half by 35.6% in the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 179 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Robert Half by 12,700.0% in the third quarter. Exchange Traded Concepts LLC now owns 12,160 shares of the business services provider’s stock worth $820,000 after acquiring an additional 12,065 shares during the last quarter. Creative Planning increased its position in Robert Half by 2.9% during the third quarter. Creative Planning now owns 17,980 shares of the business services provider’s stock worth $1,212,000 after acquiring an additional 506 shares during the period. Finally, Cardinal Capital Management raised its stake in Robert Half by 6.6% during the 3rd quarter. Cardinal Capital Management now owns 36,101 shares of the business services provider’s stock valued at $2,434,000 after purchasing an additional 2,242 shares during the last quarter. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Stock Down 2.3 %

NYSE:RHI opened at $57.91 on Thursday. The firm has a market capitalization of $5.98 billion, a PE ratio of 23.73 and a beta of 1.23. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25. The firm has a 50-day moving average price of $69.16 and a 200 day moving average price of $67.71.

Robert Half (NYSE:RHI) last posted its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. On average, research analysts expect that Robert Half Inc. will post 2.53 EPS for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 4.08%. This is an increase from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 86.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and raised their price target for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 target price on the stock in a research report on Monday. Barclays raised Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $60.00 to $80.00 in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Robert Half from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.92.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.