Robert Half Inc. (NYSE:RHI) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its position in Robert Half Inc. (NYSE:RHI) by 46.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,575 shares of the business services provider’s stock after acquiring an additional 4,299 shares during the quarter. Tributary Capital Management LLC’s holdings in Robert Half were worth $956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RHI. Mawer Investment Management Ltd. lifted its stake in shares of Robert Half by 28.9% in the third quarter. Mawer Investment Management Ltd. now owns 4,681,340 shares of the business services provider’s stock worth $315,569,000 after acquiring an additional 1,049,005 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Robert Half by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,285,008 shares of the business services provider’s stock valued at $221,442,000 after purchasing an additional 159,750 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Robert Half by 101.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,564,247 shares of the business services provider’s stock valued at $99,439,000 after buying an additional 786,031 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Robert Half by 20.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,343,030 shares of the business services provider’s stock worth $90,534,000 after buying an additional 225,210 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in shares of Robert Half by 41.9% during the third quarter. Pzena Investment Management LLC now owns 1,027,683 shares of the business services provider’s stock worth $69,276,000 after buying an additional 303,421 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Down 0.9 %

Shares of Robert Half stock opened at $69.85 on Friday. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $83.25. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 25.49 and a beta of 1.24. The business’s 50 day simple moving average is $71.92 and its 200-day simple moving average is $67.74.

Robert Half (NYSE:RHI) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. Sell-side analysts predict that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The company 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 yield of 3.03%. Robert Half’s dividend payout ratio is presently 77.37%.

Wall Street Analyst Weigh In

RHI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced 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 Robert Half from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, BNP Paribas downgraded Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price target for the company. in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.33.

Insider Buying and Selling at Robert Half

In other 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 sale, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. The trade was a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.