Burford Brothers Inc. Invests $679,000 in Robert Half Inc. (NYSE:RHI)

Burford Brothers Inc. bought a new stake in shares of Robert Half Inc. (NYSE:RHI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,079 shares of the business services provider’s stock, valued at approximately $679,000.

Several other institutional investors have also added to or reduced their stakes in RHI. Blue Trust Inc. boosted its stake in Robert Half by 489.4% during the 2nd quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 323 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Robert Half during the 1st quarter valued at $26,000. V Square Quantitative Management LLC bought a new position in shares of Robert Half during the 3rd quarter valued at $27,000. Versant Capital Management Inc bought a new position in shares of Robert Half during the 2nd quarter valued at $35,000. Finally, Family Firm Inc. bought a new position in shares of Robert Half during the 2nd quarter valued at $45,000. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial lowered their price target on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, July 26th. Barclays decreased their target price on Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. BMO Capital Markets decreased their target price on Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their target price on Robert Half from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, StockNews.com cut Robert Half from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Two 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 currently has an average rating of “Hold” and a consensus price target of $67.71.

Insider Buying and Selling

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

Robert Half Stock Down 1.6 %

Shares of Robert Half stock opened at $67.68 on Friday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 20.26 and a beta of 1.23. The business has a 50-day moving average price of $64.98 and a 200-day moving average price of $65.62. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.90 earnings per share. On average, equities analysts expect that Robert Half Inc. will post 2.51 EPS for the current fiscal year.

Robert Half Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 23rd were given a $0.53 dividend. The ex-dividend date was Friday, August 23rd. This represents a $2.12 annualized dividend and a yield of 3.13%. Robert Half’s dividend payout ratio is currently 63.47%.

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.