Fifth Third Wealth Advisors LLC Has $236,000 Stake in Robert Half Inc. (NYSE:RHI)

Fifth Third Wealth Advisors LLC raised its holdings in Robert Half Inc. (NYSE:RHI) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,355 shares of the business services provider’s stock after purchasing an additional 183 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Robert Half were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RHI. American Century Companies Inc. grew its position in Robert Half by 16.3% during the second quarter. American Century Companies Inc. now owns 196,365 shares of the business services provider’s stock worth $12,563,000 after buying an additional 27,489 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Robert Half by 28.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 92,308 shares of the business services provider’s stock worth $5,906,000 after purchasing an additional 20,565 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Robert Half by 17.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,542,502 shares of the business services provider’s stock worth $98,687,000 after purchasing an additional 231,129 shares during the period. Renaissance Technologies LLC raised its stake in Robert Half by 136.3% in the second quarter. Renaissance Technologies LLC now owns 88,400 shares of the business services provider’s stock valued at $5,656,000 after purchasing an additional 50,995 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in Robert Half by 24.4% during the second quarter. Mutual of America Capital Management LLC now owns 16,990 shares of the business services provider’s stock worth $1,087,000 after purchasing an additional 3,332 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Robert Half Price Performance

Shares of Robert Half stock opened at $70.85 on Friday. The company’s 50 day moving average price is $72.41 and its two-hundred day moving average price is $67.50. The firm has a market capitalization of $7.31 billion, a P/E ratio of 25.86 and a beta of 1.24. Robert Half Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $83.25.

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, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. Robert Half had a return on equity of 18.78% and a net margin of 4.84%. Robert Half’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, analysts expect that Robert Half Inc. will post 2.45 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 25th were issued a $0.53 dividend. 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 2.99%. Robert Half’s dividend payout ratio (DPR) is presently 77.37%.

Insider Buying and Selling

In other news, Director Dirk A. Kempthorne sold 1,032 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the transaction, the director now owns 12,310 shares of the company’s stock, valued at approximately $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on RHI. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. BNP Paribas downgraded shares of Robert Half from an “outperform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced 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, October 23rd. Finally, Truist Financial upgraded Robert Half from a “hold” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $90.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Robert Half presently has a consensus rating of “Hold” and an average target price of $74.33.

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.