Robert Half Inc. (NYSE:RHI) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC reduced its holdings in shares of Robert Half Inc. (NYSE:RHI) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,510 shares of the business services provider’s stock after selling 330 shares during the period. Uncommon Cents Investing LLC’s holdings in Robert Half were worth $811,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of RHI. Aaron Wealth Advisors LLC acquired a new position in Robert Half in the 4th quarter valued at about $236,000. Kera Capital Partners Inc. purchased a new position in shares of Robert Half in the 4th quarter valued at approximately $232,000. Merit Financial Group LLC increased its holdings in shares of Robert Half by 87.7% in the fourth quarter. Merit Financial Group LLC now owns 27,547 shares of the business services provider’s stock valued at $1,941,000 after purchasing an additional 12,871 shares during the period. Sendero Wealth Management LLC raised its stake in shares of Robert Half by 13.9% during the fourth quarter. Sendero Wealth Management LLC now owns 10,844 shares of the business services provider’s stock worth $764,000 after purchasing an additional 1,321 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Robert Half by 5.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,355 shares of the business services provider’s stock valued at $236,000 after buying an additional 183 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Robert Half Trading Up 0.1 %

Shares of Robert Half stock opened at $70.85 on Monday. The company has a 50-day moving average of $72.41 and a two-hundred day moving average of $67.55. Robert Half Inc. has a 12-month low of $57.05 and a 12-month high of $83.25. The stock has a market cap of $7.31 billion, a PE ratio of 25.86 and a beta of 1.24.

Robert Half (NYSE:RHI) last released its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. On average, sell-side analysts forecast that Robert Half Inc. will post 2.45 EPS for the current fiscal year.

Robert Half Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were given a $0.53 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.12 annualized dividend and a dividend yield of 2.99%. Robert Half’s dividend payout ratio is presently 77.37%.

Wall Street Analyst Weigh In

RHI has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays upgraded shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th. Finally, Truist Financial raised Robert Half from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $90.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.33.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of Robert Half stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now directly owns 12,310 shares in the company, valued at $915,248.50. The trade was a 7.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

About Robert Half

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.