Barclays PLC Grows Stock Holdings in Robert Half Inc. (NYSE:RHI)

Barclays PLC grew its stake in Robert Half Inc. (NYSE:RHI) by 131.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,233 shares of the business services provider’s stock after acquiring an additional 195,570 shares during the period. Barclays PLC owned 0.33% of Robert Half worth $23,205,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RHI. Blue Trust Inc. raised its holdings in shares of Robert Half by 489.4% in the second quarter. Blue Trust Inc. now owns 389 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 323 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Robert Half in the 3rd quarter valued at about $27,000. Private Trust Co. NA lifted its position in shares of Robert Half by 79.7% in the 3rd quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the period. Reston Wealth Management LLC purchased a new stake in shares of Robert Half in the 3rd quarter worth approximately $34,000. Finally, GAMMA Investing LLC boosted its stake in shares of Robert Half by 35.6% during the third quarter. GAMMA Investing LLC now owns 682 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. 92.41% of the stock is owned by hedge funds and other institutional investors.

Robert Half Trading Up 0.8 %

Shares of RHI opened at $76.10 on Friday. The firm has a market cap of $7.86 billion, a PE ratio of 27.77 and a beta of 1.24. Robert Half Inc. has a 12 month low of $57.05 and a 12 month high of $88.39. The stock has a fifty day moving average price of $71.62 and a 200-day moving average price of $66.41.

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

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 25th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a yield of 2.79%. Robert Half’s payout ratio is 77.37%.

Analysts Set New Price Targets

A number of research firms have weighed in on RHI. Truist Financial upgraded 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 report on Friday. JPMorgan Chase & Co. decreased their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.67.

Insiders Place Their Bets

In related news, Director Dirk A. Kempthorne sold 1,032 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the transaction, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.