Shayne & Jacobs LLC Buys 9,356 Shares of Robert Half Inc. (NYSE:RHI)

Shayne & Jacobs LLC boosted its stake in shares of Robert Half Inc. (NYSE:RHI) by 28.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,803 shares of the business services provider’s stock after purchasing an additional 9,356 shares during the quarter. Robert Half comprises 0.7% of Shayne & Jacobs LLC’s holdings, making the stock its 18th largest holding. Shayne & Jacobs LLC’s holdings in Robert Half were worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in RHI. Blue Trust Inc. boosted its holdings in Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock worth $25,000 after acquiring an additional 323 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in Robert Half in the first quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in Robert Half in the third quarter worth about $27,000. Versant Capital Management Inc acquired a new stake in Robert Half in the second quarter worth about $35,000. Finally, Family Firm Inc. acquired a new stake in Robert Half in the second quarter worth about $45,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RHI. BMO Capital Markets decreased their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating for the company in a report on Thursday, July 25th. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. decreased their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Truist Financial decreased their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Robert Half has an average rating of “Hold” and a consensus price target of $67.71.

Insider Activity

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $63.09, for a total value of $82,017.00. Following the completion of the sale, the director now directly owns 13,342 shares in the company, valued at $841,746.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Robert Half Trading Down 1.6 %

Shares of RHI stock opened at $67.68 on Friday. The stock has a 50 day moving average of $64.98 and a 200 day moving average of $65.62. The stock has a market cap of $7.10 billion, a P/E ratio of 20.26 and a beta of 1.23. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. On average, research analysts predict that Robert Half Inc. will post 2.51 earnings per share for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 23rd were given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Friday, August 23rd. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Robert Half 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.