Ceredex Value Advisors LLC Acquires Shares of 84,000 Robert Half Inc. (NYSE:RHI)

Ceredex Value Advisors LLC bought a new position in Robert Half Inc. (NYSE:RHI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 84,000 shares of the business services provider’s stock, valued at approximately $5,662,000. Ceredex Value Advisors LLC owned approximately 0.08% of Robert Half at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in shares of Robert Half during the 3rd quarter worth approximately $34,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Robert Half during the third quarter valued at approximately $267,000. Pallas Capital Advisors LLC lifted its holdings in Robert Half by 58.7% during the third quarter. Pallas Capital Advisors LLC now owns 11,501 shares of the business services provider’s stock worth $791,000 after acquiring an additional 4,253 shares during the period. Semanteon Capital Management LP bought a new stake in Robert Half during the third quarter worth $211,000. Finally, DekaBank Deutsche Girozentrale boosted its position in Robert Half by 17.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 97,624 shares of the business services provider’s stock worth $6,537,000 after purchasing an additional 14,733 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Robert Half Trading Down 0.8 %

Robert Half stock opened at $67.57 on Friday. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 24.66 and a beta of 1.23. The firm has a 50 day simple moving average of $65.63 and a 200 day simple moving average of $65.47. Robert Half Inc. has a 1-year low of $57.05 and a 1-year high of $88.39.

Robert Half (NYSE:RHI) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.64 earnings per share (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 for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Robert Half Inc. will post 2.46 EPS for the current year.

Robert Half Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 25th will be given a $0.53 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.14%. Robert Half’s dividend payout ratio (DPR) is currently 77.37%.

Wall Street Analysts Forecast Growth

RHI has been the topic of a number of recent analyst reports. Truist Financial lowered their target price on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. BMO Capital Markets dropped their target price on shares of Robert Half from $72.00 to $64.00 and set a “market perform” rating on the stock in a research note on Thursday, July 25th. Barclays lowered their price target on shares of Robert Half from $70.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Robert Half from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.71.

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.