Readystate Asset Management LP Purchases 3,398 Shares of Robert Half Inc. (NYSE:RHI)

Readystate Asset Management LP increased its position in Robert Half Inc. (NYSE:RHI) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,098 shares of the business services provider’s stock after purchasing an additional 3,398 shares during the quarter. Readystate Asset Management LP’s holdings in Robert Half were worth $1,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP bought a new stake in Robert Half during the 4th quarter valued at $25,000. Resurgent Financial Advisors LLC bought a new stake in Robert Half during the 4th quarter valued at $27,000. Salem Investment Counselors Inc. bought a new stake in Robert Half during the 2nd quarter valued at $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Robert Half during the 4th quarter valued at $28,000. Finally, Venturi Wealth Management LLC boosted its position in Robert Half by 55.0% during the 4th quarter. Venturi Wealth Management LLC now owns 420 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 149 shares in the last quarter. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the topic of several recent research reports. BMO Capital Markets dropped their target price on Robert Half from $85.00 to $80.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. Truist Financial raised their price objective on Robert Half from $66.00 to $72.00 and gave the stock a “sell” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $68.57.

Insider Buying and Selling

In related news, EVP Robert W. Glass sold 7,500 shares of the firm’s stock in a transaction on 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 owns 186,062 shares in the company, valued at approximately $14,970,548.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Robert Half Stock Down 2.0 %

Shares of Robert Half stock traded down $1.39 during trading on Wednesday, reaching $69.31. The company’s stock had a trading volume of 1,199,167 shares, compared to its average volume of 1,025,142. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 17.59 and a beta of 1.26. Robert Half Inc. has a 1-year low of $64.65 and a 1-year high of $88.39. The company has a 50-day simple moving average of $78.45 and a two-hundred day simple moving average of $79.59.

Robert Half (NYSE:RHI) last issued its earnings results on Tuesday, January 30th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Robert Half had a return on equity of 25.73% and a net margin of 6.43%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. As a group, analysts anticipate that Robert Half Inc. will post 3.34 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a $0.53 dividend. This is a positive change from Robert Half’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 3.06%. Robert Half’s dividend payout ratio (DPR) is 54.78%.

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.