Unique Wealth Strategies LLC Makes New Investment in Robert Half Inc. (NYSE:RHI)

Unique Wealth Strategies LLC bought a new position in shares of Robert Half Inc. (NYSE:RHI) in the fourth quarter, Holdings Channel reports. The firm bought 8,330 shares of the business services provider’s stock, valued at approximately $732,000.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its stake in shares of Robert Half by 55.0% in the fourth 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 during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Robert Half in the third quarter worth $39,000. CoreFirst Bank & Trust grew its stake in shares of Robert Half by 440.0% in the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after acquiring an additional 440 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Robert Half in the third quarter worth $43,000. Finally, GAMMA Investing LLC acquired a new stake in Robert Half during the fourth quarter worth $46,000. Institutional investors own 92.41% of the company’s stock.

Robert Half Stock Performance

Shares of NYSE RHI traded down $1.25 during midday trading on Friday, reaching $69.35. 2,130,676 shares of the company traded hands, compared to its average volume of 999,589. The firm has a market cap of $7.29 billion, a PE ratio of 20.76, a PEG ratio of 17.55 and a beta of 1.26. The stock’s 50-day simple moving average is $76.99 and its 200-day simple moving average is $79.39. Robert Half Inc. has a 12 month low of $64.65 and a 12 month high of $88.39.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Robert Half had a return on equity of 22.08% and a net margin of 5.74%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. On average, equities research analysts expect that Robert Half Inc. will post 3.35 EPS for the current year.

Robert Half Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Robert Half’s previous quarterly dividend of $0.48. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.06%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

Insider Buying and Selling at Robert Half

In related news, EVP Robert W. Glass sold 7,500 shares of Robert Half stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $80.46, for a total value of $603,450.00. Following the completion of the transaction, the executive vice president now directly owns 186,062 shares of the company’s stock, valued at $14,970,548.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RHI shares. Robert W. Baird decreased their price target on shares of Robert Half from $84.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday. Truist Financial upgraded shares of Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets decreased their price target on shares of Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 31st. One analyst has 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, the company presently has an average rating of “Hold” and an average target price of $68.14.

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.