Cardinal Capital Management Raises Stock Holdings in Robert Half Inc. (NYSE:RHI)

Cardinal Capital Management raised its position in Robert Half Inc. (NYSE:RHI) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,552 shares of the business services provider’s stock after buying an additional 4,787 shares during the quarter. Cardinal Capital Management’s holdings in Robert Half were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its stake in Robert Half by 55.0% in the fourth quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after buying an additional 149 shares during the last quarter. CoreFirst Bank & Trust raised its stake in shares of Robert Half by 440.0% during the third quarter. CoreFirst Bank & Trust now owns 540 shares of the business services provider’s stock worth $40,000 after purchasing an additional 440 shares during the last quarter. Orion Capital Management LLC purchased a new stake in shares of Robert Half during the third quarter worth approximately $43,000. GAMMA Investing LLC purchased a new stake in shares of Robert Half during the fourth quarter worth approximately $46,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Robert Half by 72.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 620 shares of the business services provider’s stock worth $55,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Stock Up 0.6 %

RHI stock traded up $0.35 on Thursday, reaching $63.48. 1,719,055 shares of the company’s stock were exchanged, compared to its average volume of 1,518,401. The stock has a fifty day moving average of $67.25 and a 200-day moving average of $76.00. Robert Half Inc. has a twelve month low of $61.07 and a twelve month high of $88.39. The firm has a market cap of $6.66 billion, a PE ratio of 18.90, a P/E/G ratio of 5.26 and a beta of 1.25.

Robert Half (NYSE:RHI) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Robert Half had a return on equity of 22.36% and a net margin of 5.74%. Robert Half’s revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, equities research analysts predict that Robert Half Inc. will post 2.92 EPS for the current fiscal year.

Robert Half Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.34%. The ex-dividend date was Thursday, May 23rd. Robert Half’s dividend payout ratio (DPR) is 63.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RHI. Robert W. Baird cut their price target on Robert Half from $84.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Truist Financial upgraded Robert Half from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research note on Monday, April 22nd. StockNews.com lowered Robert Half from a “buy” rating to a “hold” rating in a report on Monday. Finally, BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.71.

Insider Buying and Selling at Robert Half

In other Robert Half news, Director Dirk A. Kempthorne sold 2,221 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $69.66, for a total value of $154,714.86. Following the sale, the director now owns 10,713 shares of the company’s stock, valued at $746,267.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

About Robert Half

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.