Ieq Capital LLC Raises Holdings in Robert Half Inc. (NYSE:RHI)

Ieq Capital LLC boosted its position in Robert Half Inc. (NYSE:RHI) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 228,033 shares of the business services provider’s stock after acquiring an additional 44,704 shares during the period. Ieq Capital LLC’s holdings in Robert Half were worth $16,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RHI. Creative Planning grew its stake in Robert Half by 2.9% in the 3rd 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. Blue Trust Inc. grew its stake in shares of Robert Half by 225.2% during the 3rd quarter. Blue Trust Inc. now owns 1,265 shares of the business services provider’s stock valued at $81,000 after buying an additional 876 shares during the period. Raymond James & Associates grew its stake in shares of Robert Half by 56.5% during the 3rd quarter. Raymond James & Associates now owns 180,553 shares of the business services provider’s stock valued at $12,171,000 after buying an additional 65,182 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Robert Half during the 3rd quarter valued at $298,000. Finally, International Assets Investment Management LLC grew its stake in shares of Robert Half by 6,641.7% during the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the business services provider’s stock valued at $55,000 after buying an additional 797 shares during the period. 92.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now 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 filing with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

Robert Half Trading Up 1.1 %

NYSE:RHI opened at $60.44 on Thursday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 24.77 and a beta of 1.23. The firm’s fifty day simple moving average is $67.67 and its 200 day simple moving average is $67.57. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $83.25.

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

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $2.36 dividend on an annualized basis and a yield of 3.90%. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. Robert Half’s payout ratio is currently 96.72%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RHI shares. JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Finally, BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $74.92.

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.