Robert Half Inc. (NYSE:RHI) Stock Position Raised by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in shares of Robert Half Inc. (NYSE:RHI) by 108.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,659 shares of the business services provider’s stock after buying an additional 863 shares during the period. Venturi Wealth Management LLC’s holdings in Robert Half were worth $117,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp grew its position in Robert Half by 11.1% in the 4th quarter. Truist Financial Corp now owns 38,728 shares of the business services provider’s stock worth $2,729,000 after purchasing an additional 3,858 shares during the last quarter. CIBC Asset Management Inc grew its position in Robert Half by 4.6% in the 4th quarter. CIBC Asset Management Inc now owns 10,220 shares of the business services provider’s stock worth $720,000 after purchasing an additional 449 shares during the last quarter. Principal Financial Group Inc. grew its position in Robert Half by 2.1% in the 4th quarter. Principal Financial Group Inc. now owns 491,773 shares of the business services provider’s stock worth $34,650,000 after purchasing an additional 10,122 shares during the last quarter. Capital Performance Advisors LLP grew its position in Robert Half by 17.0% in the 4th quarter. Capital Performance Advisors LLP now owns 6,629 shares of the business services provider’s stock worth $467,000 after purchasing an additional 962 shares during the last quarter. Finally, Allworth Financial LP grew its position in Robert Half by 73.4% in the 4th quarter. Allworth Financial LP now owns 808 shares of the business services provider’s stock worth $57,000 after purchasing an additional 342 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Robert Half Price Performance

RHI stock opened at $60.00 on Friday. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $83.25. The firm has a market cap of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. The firm has a 50 day simple moving average of $67.04 and a 200 day simple moving average of $67.55.

Robert Half (NYSE:RHI) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 EPS 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%. As a group, sell-side analysts expect that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This is a positive change from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 3.93%. Robert Half’s dividend payout ratio is currently 86.89%.

Wall Street Analyst Weigh In

Several research analysts have commented on RHI shares. Truist Financial upgraded shares of Robert Half from a “hold” rating to a “buy” rating and upped their target price for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their price target 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. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and upped their price target for the stock 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 target 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.92.

Insider Activity at Robert Half

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 12,310 shares in the company, valued at approximately $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

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.