Burns Matteson Capital Management LLC Sells 2,456 Shares of Robert Half Inc. (NYSE:RHI)

Burns Matteson Capital Management LLC trimmed its holdings in Robert Half Inc. (NYSE:RHI) by 35.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the business services provider’s stock after selling 2,456 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Robert Half were worth $349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RHI. Family Legacy Inc. raised its holdings in shares of Robert Half by 2.0% during the 1st quarter. Family Legacy Inc. now owns 7,177 shares of the business services provider’s stock worth $569,000 after acquiring an additional 144 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock worth $37,000 after acquiring an additional 149 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Robert Half by 2.8% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,477 shares of the business services provider’s stock worth $569,000 after acquiring an additional 175 shares in the last quarter. Tributary Capital Management LLC raised its holdings in shares of Robert Half by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 9,263 shares of the business services provider’s stock worth $814,000 after acquiring an additional 176 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of Robert Half by 7.5% during the 1st quarter. WCM Investment Management LLC now owns 2,557 shares of the business services provider’s stock worth $203,000 after acquiring an additional 178 shares in the last quarter. 92.41% of the stock is currently owned by institutional investors.

Robert Half Trading Down 7.6 %

Shares of RHI stock traded down $4.91 during trading hours on Thursday, reaching $59.91. 3,491,539 shares of the company’s stock were exchanged, compared to its average volume of 1,494,704. Robert Half Inc. has a 1 year low of $57.05 and a 1 year high of $88.39. The stock has a market cap of $6.29 billion, a PE ratio of 17.97, a PEG ratio of 5.40 and a beta of 1.25. The stock’s fifty day moving average price is $64.80 and its two-hundred day moving average price is $72.93.

Robert Half (NYSE:RHI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). Robert Half had a return on equity of 22.36% and a net margin of 5.74%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. Robert Half’s revenue was down 10.2% on a year-over-year basis. On average, equities analysts expect that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 24th were paid a dividend of $0.53 per share. The ex-dividend date was Thursday, May 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.54%. Robert Half’s payout ratio is 63.47%.

Insider Transactions at Robert Half

In related news, Director Dirk A. Kempthorne sold 2,221 shares of Robert Half stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total transaction of $154,714.86. Following the completion of the sale, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on RHI shares. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a report on Monday, April 22nd. BNP Paribas upgraded Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Tuesday, June 11th. JPMorgan Chase & Co. reduced their target price on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. BMO Capital Markets reduced their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday. Finally, Robert W. Baird reduced their target price on Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Robert Half currently has a consensus rating of “Hold” and an average target price of $66.88.

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.